analyze the situation and make a recommendation to the board. please consider three choices: (1) Hold constant the current dividend of $1.18 per share. (2) Increase the dividend by a relatively small percentage, such as 2 percent. (3) Cut the dividend sharply as MPL had done. please study the situation and the CFO decide what to recommend to the board. CFO wants to analyze all the issues,
Please refer to the attached case.