Key Questions Can the payment of cash dividends affect shareholder wealth? If so,what dividend-payout ratio will maximize shareholder wealth? slide 2slide 2 Key Questions Key Questions ƒ Can the payment of cash dividends Can the payment of cash dividends affect shareholder wealth? affect shareholder wealth? ƒ If so, what dividend If so, what dividend -payout ratio payout ratio will maximize shareholder wealth? will maximize shareholder wealth?