On the horns of an exquisite dividend dilemma

Satisfying shareholder return expectations won't be easy this year. And despite an unusually cheap debt and equity environment, M&A isn't the option it should be.

The wobbles in equity and bond markets triggered by the start of the US Federal Reserve board’s tapering of its quantitative easing program will be causing some furrowed brows among chief financial officers and corporate strategists.

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