Common Shareholders May Assign a Proxy,or the Power to Cast

question 74

True/False

Common shareholders may assign a proxy,or the power to cast their ballot,only when majority voting is in place.

---

Definitions:

Retained Earnings

The portion of net income that is retained by a company rather than distributed to its shareholders as dividends.

Dividend Policies

Strategies a corporation adopts for allocating its profits to shareholders in the form of dividends.

Target Payout Ratio

A percentage that represents the amount of earnings a company decides to distribute to its shareholders in the form of dividends.

Stable Dividends

Dividends that are consistently paid out by a company at a steady rate, regardless of the company's earnings fluctuations.