Financial Flexibility Substituting discretionary stock repurchases for all or part of regular cash dividends (i.e., stable dollar dividend policy) provides a company with greater financial flexibility.
{"Image DocumentName": "Financial Flexibility", "Image ImageDescription": "Substituting discretionary stock repurchases for all or part of regular cash dividends (i.e., stable dollar dividend policy) provides a company with greater financial flexibility. Under such a strategy, when the company has profitable uses for its funds, it can defer the buyback of its stock (and the corresponding cash outflows) until a more appropriate time in the future.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}