杨同学2018-11-09 17:12:29

I've got a question with regard to the payout policies, which repurchase and cash dividend are two options for the corporations. I learned cash dividend paid will be taxed, and will be at disadvantage compared to repurchase option if t(div) > CGT. What about stock dividend? Will the shareholders pay tax upon the stock dividend they received? It is a little confused that why stock dividend is not here for comparison, with repurchase and cash dividend. cheers.