Prerequisites:
To enrol in this course, participants should have a solid understanding of financial statements. Familiarity with concepts such as balance sheets, income statements, and cash flow statements is essential for comprehending the core principles of dividend policy.Course Level: Intermediate

Key Concepts:

• Residual Dividends: Explore the concept of residual dividends, which are dividends paid out of a company’s residual earnings after meeting investment and financing requirements. Understand the factors that influence the determination of residual dividends and their impact on a company’s financial health.

• Stable Dividends: Study the concept of stable dividends, where companies maintain a consistent dividend payout ratio or fixed dividend amount over time. Learn the advantages and challenges associated with implementing a stable dividend policy and its effects on shareholder expectations.

• Proportional Dividends: Understand the concept of proportional dividends, where companies distribute dividends based on a proportion of their earnings. Explore the various approaches and models used to determine the proportion of earnings to be distributed as dividends.

• Bird in Hand Theory: Examine the bird in hand theory, which suggests that investors prefer higher dividend payouts due to the certainty of immediate cash flows. Analyze the implications of this theory on dividend policy decisions and the value of a company.

• Home-Made Dividends: Learn about home-made dividends, where shareholders create their desired cash flows by selling a portion of their shares. Explore the factors that influence the decision to opt for home-made dividends and the impact on a company’s capital structure.

• Financial Distress: Understand the implications of dividend policy on a company’s financial health, particularly in times of financial distress. Analyze the trade-offs and risks associated with maintaining or adjusting dividend pay-outs during challenging economic conditions.

Course Components:

• On-demand course videos: Access engaging video lectures that delve into the core concepts and theories of dividend policy. These videos can be viewed at your own pace, allowing for flexible learning.

• Downloadable course slides: Download comprehensive course slides that summarize key points, provide additional explanations, and serve as valuable reference materials.

• Practice questions: Reinforce your understanding of dividend policy through interactive practice questions. These exercises will help you apply the concepts learned and test your knowledge.

• Case studies: Explore real-world scenarios and analyze dividend policy decisions made by companies. Gain practical insights into the complexities and considerations involved in determining an appropriate dividend policy.

• Final quiz: Evaluate your overall comprehension and measure your progress through a final quiz that covers the key concepts and principles discussed in the course.

• Course certificate: Upon successful completion of the course, participants will receive a course certificate, validating their knowledge and proficiency in dividend policy and shareholder remuneration.

Join us in the Dividend Policy and Shareholder Remuneration course and gain the skills necessary to analyze, implement, and evaluate dividend policies that align with a company’s long-term strategic goals and financial stability. Enrol now and enhance your understanding of the significant role dividends play in shareholder remuneration.