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Dividend dates, stock dividend, cash dividend, stock splits, benefits of stock split

Please provide insight to the following questions:

1) What are some differences between the date of declaration and date of record for dividends?

2) As an investor, would you prefer a cash or stock dividend? Why?

3) How would the price of a stock be affected by its dividend?

4) Why do companies split their stock?

5) Are there benefits to an investor when a stock splits? Why or why not?

Solution Summary

In a concise response, the solution presents a solid paragraph for each of the questions.