Which of the Following Statements About Dividends Is Not Correct

question 101

Multiple Choice

Which of the following statements about dividends is not correct?

• A)Cash dividends are generally declared quarterly as a dollar amount per share.
• B)Dividends can be declared on both preferred and common shares.
• C)The board of directors is obligated to declare dividends.
• D)Dividends can be in cash or stock.

---

Definitions:

Text Messaging

The act of sending brief, electronic messages between two or more mobile devices.

SMS

Short Messaging Service, a text messaging service component of most telephone, internet, and mobile-device systems.

MMS

Multimedia Messaging Service, a standard way to send multimedia content via mobile phones.

Cellular Network

A wireless communication network distributed over land areas called cells, each served by at least one fixed-location transceiver, for mobile phones and data transfer.