1000 word essay on the dividend puzzle, retention vs distribution

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Write a 1000 word essay on the dividend puzzle, retention vs distribution 

Essay must include:

Introduction

-dividend definition

-Where do dividends come from 

Add more back ground information relevant to the topic. 

Main body 

-What is the dividend puzzle 

-Reasons for retention of earnings 

-Reasons for distribution of earnings 

-Case study of a business that didn’t pay dividends and now does 

-Case study of a business that stopped paying dividends 

Any other information relevant to the topic 

Conclusion 

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