Dividends may be paid in the form of cash or stock although a company is under no obligation to pay a dividend of any kind to its common shareholders.

公司可以用现金或股票的形式支付股息，虽然公司并没有义务给它的普通股股东分红。

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Given the reliance on cash flow to fund dividends, be careful not to overlap common stock holdings with preferred stock holdings.

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Most companies use share buybacks or pay special dividends on their common stock to return excess cash to shareholders.

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