Description

Understand how companies return capital back to shareholders through dividends and share buybacks.

Learning Objectives

  1. Understand the motivations and impacts of using dividends versus share buybacks to return capital to shareholders.
  2. Analyze the accounting implications of dividends and share buybacks.
  3. Evaluate the valuation implications of dividends and share buybacks.
  4. Identify the concerns and likely questions by investors in relation to dividends and share buybacks.