help management must decide on the form of the dividend distribution‚ generally as cash dividends or via a share buyback. Various factors may be taken into consideration: where shareholders must pay tax on dividends‚ firms may elect to retain earnings or to perform a stock buyback‚ in both cases increasing the value of shares outstanding. Alternatively‚ some companies will pay "dividends" from stock rather than in cash. The purpose of an optimal dividend policy should be to maximize shareholders’
Premium Dividend Dividend yield P/E ratio
1 – Global Resources The distribution of natural resources like oil and gas are unevenly distributed across the world (Stutz‚ 2007). This essay will explain where the majority of oil and gas is located. Thereafter‚ the focus will be on the benefits and drawbacks of countries that are dependent on oil/gas. Finally‚ a conclusion will be given which sums up the most important factors. Allocation Oil/Gas The majority of the oil reserves are located in the Middle East. An estimate of 65% of the
Premium Petroleum Saudi Arabia Kuwait
publicly traded oil and gas producing company. ExxonMobil does business in 200 countries world-wide (1). Some countries are designated for exploring gas and petroleum‚ and some are designated for manufacturing chemicals‚ lubricants‚ and market fuels (1). ExxonMobil ’s world-class petroleum portfolio gives access to proven reserves of 21.9 billion oil-equivalent barrels of oil and gas‚ which is the highest in the industry (1). The company ’s discovered resources consist of 72 billion oil equivalent
Premium Petroleum
Oil And Gas Conservation Oil and gas conservation effects your daily life in several ways: 1) As you conserve you own consumption of oil and gas‚ your fuel bills are reduced 2) Oil and gas conservation tends to reduce demand for oil and gas and this‚ in turn‚ tends to lower the price of fuels and products made from oil and gas (like plastics) to the consumer. 3) Conservation of oil and gas usually also means less burning of them as fuels‚ which‚ in turn reduces the amount of pollutants
Premium Petroleum Carbon Natural gas
DIVIDEND DECISION The dividend decision is one of the 3 basic decisions which a financial manager maybe required to take‚ the other two being the investment decisions and the financing decisions. In each period any earnings that remain after satisfying obligations to the creditors‚ the government and the preference sh.hol can either be retained or paid out as dividends or bifurcated between retained earnings and dividends. The retained earnings can be invested in assets which will help
Premium Dividend Investment
Dividend Theory 1. Discuss the factors which may impact on a firm’s dividend policy? .Industry and Company Variations Payout ratios vary amongst different industries e.g. firms within the telecoms and utilities sectors may typically payout around 60% of earnings in dividends‚ whilst retailers and computer software companies may typically payout around 20% of earnings in dividends Legal Constraints 1. Legal constraints can be viewed in the context of three broad areas;
Premium Finance Dividend Investment
cooking on your LPG stove; you are contributing to the increasing demands of oil in India? Most of you would be thinking ‘so what?’ Well‚ here is some data. India’s crude oil import bill increased more than 40 percent to $68 billion in 2007-08 following a consistent rise in global crude prices. According to data released by the Ministry of Petroleum and Natural Gas‚ India imported 121.672 million tons of crude oil for $67.988 billion in 2007-08‚ as opposed to 111.502 million tons imported
Premium Petroleum Natural gas Coal
Rivalry being present in any industry is obvious. Some industries have more than others and for different reasons. With over 12‚000 different companies in the Oil and Gas Field Services industry competition is high and is projected to only continue to increase. This is due to the demand of oil and gas in the United States and the world. It is also because international firms are beginning to come in the United States to compete with US firms for business. In comparison‚ US firms operating internationally
Premium Strategic management Marketing
THE EFFECT OF DIVIDEND POLICY ON THE MARKET PRICE OF SHARES IN NIGERIA: CASE STUDY OF FIFTEEN QUOTED COMPANIES By Dr. J. J. Adefila Department of Accountancy‚ University of Maiduguri‚ Dr. J. A. Oladipo and J.O Adeoti‚ Both of the Department of Business Administration‚ University of Ilorin ABSTRACT The issue of how much a company should pay its stockholders‚ as dividend is one that has been of concern to managers for a long time. The optimal dividend policy of a firm may be defined as the best
Premium Dividend Stock Dividend yield
How accurate is the statement that “The dividend policy of a firm is irrelevant”. By Mr. George Ekegey Ekeha (MBA – Finance‚ MBA & BCom) (Lecturer in Corporate Finance & International Finance @ Regent University College of Science & Technology) Email: ekegey24ge@yahoo.co.uk March 2009 THIS PAPER IS PREPARED IN RESPONSE TO A RELEVANT QUESTION TO HELP STUDENTS TAKING CORPORATE FINANCE COURSE. No Part of This Thesis Is To Be Used For Any Purposes‚ Other Than Academic REFERENCE
Premium Dividend Dividend yield