alleryStart learning →Which company was the first recorded public firm to pay regular dividends?
ABritish East India Company
BHudson's Bay Company
CDutch East India Company
DRoyal African Company
Answer & Solution
Correct answer: C. Dutch East India Company
The Dutch East India Company (VOC) paid regular annual dividends from 1602 to 1800.
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Related questions
Which limits can restrict how much a firm may distribute as dividend?Why might management avoid changing dividend policy abruptly?Which alternative to cash dividends may a firm choose when surplus cash exists?Which type of shareholder usually prefers earnings to be retained?With no NPV-positive projects and surplus cash, what should management do?Management knowing more than the market is called what?If dividends bear higher tax than gains, raising them does what to value?Per the Modigliani-Miller theorem, dividend policy has what effect on firm value?