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Unformatted text preview: not make sense? What does financial theory tell us about corporate diversification? 11. Contrast Broadhead’s vision with McDonald’s vision. 12. How did S&P change their guidelines in October 1993. 13. What is FPL’s record of dividend increases? Why is this important or not important? 14. Why do stock prices typically decline following the announcement of a cut in dividends? 15. What is the competitive landscape for FPL? 16. Analyze FPL’s projected capital expenditures relative to historical dividend payments. 17. See Exhibit 8. How are utility stock prices affected by interest rates and why? 18. See Exhibit 10. What is the composition of FPL’s stock ownership, i.e., how much is held by individual investors, institutional investors and managers? How might this affect the dividend decision?...
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- Dividend yield, dividend payout ratio, FPL