What are the alternatives and factor that you may consider back finalizing your view on dividend policy?

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Answers:    Factors that need to be considered:

Is this a private company or a publicly traded corporation?
If it is a publicly traded company will a dividend enhance the worth of the outstanding shares?
Will this be a one time only dividend or an annual dividend?
Will you try to prolong a level dividend from year to year?
Or will you try to angle the dividend, perhaps annually?
Can the present and anticipated adjectives cash flow support dividends?

The alternative to a dividend would be to buy hindmost outstanding shares of the company in lay down to enhance the P/E ratio and therefore the stock valuation.
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