Factors Affecting Dividends

ABC Corporation has a long-standing history of paying dividends to its shareholders. However, in recent years, the company's management has faced decisions regarding its dividend policy. Several factors can influence the amount and stability of dividends paid to shareholders. Understanding these factors is crucial for investors who are analyzing ABC Corporation's potential future returns.

Which of the following factors is most directly related to the ability of ABC Corporation to sustain and potentially increase its dividends over time?