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HARLAND CORP has been in existence for 45 years. Over the past,6 years the stock price has stagnated and remained between $22.15and $22.82. The CEO, who started the company, believes that thestock price needs to be higher, and the best way to do that is topay a dividend to increase the demand for the stock. The companyhas never paid a dividend in their history. The CEO needs todetermine what type of dividend policy to follow, and how much thefirst dividend should be, so he comes to you for advice. Heprovides you with the following historical information as itrelates to the company's earnings per share (as an aside, dividendsper share should not exceed EPS unless the firm isliquidating): YEAR EPS 2017 $2.36 2016 $2.12 2015 $0.81 2014 $2.01 2013 $2.09 2012 $2.44 2011 $2.31 2010 $2.01what is the brief memo as to what dividend policy you recommend,why recommend it, what initial dividend amount you recommend, andwhy you recommend that amount.