1. An Overview of Corporate Distribution Policy.- 2. Dividends Versus Retained Earnings.- 3. Dividends Versus Share Repurchase.- 4. Share Repurchase and Stock Price.- 5. Choosing Between Real Investments and Share Repurchase.- 6. The Return Earned by Share Repurchase.- 7. Share Repurchase and Earnings Per Share Buyback Parity.- 8. A Dividend Reduction Strategy.- 9. The Investor’s Viewpoint.- 10. Dividend Reinvestment Plans (DRIP’s).- 11. Repurchase of Shares Accompanied by the Selling of Puts.- 12. A Ranking of Alternatives.

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