Sinkmaster Corp. settled a large lawsuit tht caused earnings tobe negativefor the quarter. This quarterly loss was the first in 22years. In addition, the company has a record of 48 consecutivequarters of dividend payments. Which of the following is correct?A. the company can omit the dividend, shareholders are alwaysunderstanding about the riskiness of business B. The company canuse cash generated through prior retention of earnings, or borrowedfunds to pay the dividend. C. The clientele effect says thatinvestor choice of investment vehicle is independent of dividendpoicy and therefore the payment/omission of the dividend isimmaterial. D. The company cannot pay dividends this quarter sincethe company had no earnings.
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