Dividends are paid when approved by the:
A)Board of directors
B)Management
C)Shareholders
D)Creditors

Question

Quizplus · Accepted Answer

Dividends are typically approved and declared by the board of directors of a company. It is their responsibility to determine the amount and timing of dividend payments to shareholders. While management may recommend the payment of dividends, the ultimate decision lies with the board of directors. Shareholders may also have a say in dividend payments through voting on boards or bylaws, but the board still has the final authority. Creditors typically have no involvement in dividend payments.

Dividends Are Paid When Approved by The