Examlex
Which of the following statements is false?
Stock Split
A corporate action in which a company divides its existing shares into multiple shares to boost liquidity.
Dividend Reinvestment Plan
A plan offered by a corporation that allows investors to reinvest their cash dividends by purchasing additional shares or fractional shares on the dividend payment date.
Automatic Dividend Reinvestment Plans
These plans allow shareholders to automatically reinvest their cash dividends into additional shares or fractional shares of the underlying stock on the dividend payment date.
Preferred Dividend Policy
A company's strategy or practice regarding the payment of dividends to holders of its preferred stock, often detailing the timing and amount of payouts.
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