Which Three of the Following Make Up a Suggested Action

Multiple Choice

Which three of the following make up a suggested action plan for a dividend policy?

A) Forecast the 'surplus' cash flow resulting from the subtraction of the cash needed for investment projects from that generated by the firm's operations over the medium to long term.
B) Plan levels of dividend payment for the foreseeable future and amend borrowing levels to ensure that dividend levels gradually rise.
C) If cash flows are greater than projected for a particular year, keep the maintainable regular dividend fairly constant, but pay a special dividend or initiate a share repurchase programme.
D) Pay a maintainable regular dividend based on this forecast. This may be biased on the conservative side to allow for uncertainty about future cash flows.