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03

Dividend Policy

   
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Title: Dividend Policy
 
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Subject: Book Reports
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Date: October 12, 2002
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Length: 16 / 4275
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Moreover, FPL needed to renew focus on its core business. It planed to sell several of the non-utility businesses. Furthermore, Broadhead commenced an aggressive capital expenditure program designed to meet projected demand into the next decade. FPL budgeted $6...
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FPL budgeted $6.6 billion, spread over five years, for the expansion. The company also felt that it would be prudent to reduce debt, and that part of the cash savings from the dividend cut would be used for this purpose. At the same time, the company announced plans to return part of the cash saved by the dividend cut by repurchasing up to 10 million shares of stock over the next three years...
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