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Welcome to Forethought India One-on-One Courses. Our program is designed to provide students with the skills and knowledge necessary to excel in their chosen profession. Our instructor for this course is Instructure Faris Saah at Harvard University


The course on "Dividend Policy: How to Pay Back Shareholders" offers a comprehensive exploration of the strategies and principles governing corporate dividend decisions. Participants will delve into the fundamental concepts of dividend policy, understanding the factors that influence these crucial decisions and the various methods employed for dividend payments. Building on this foundation, the course delves into advanced topics, such as dividend theories, stability, and the intricate relationship between share repurchase and dividends. Participants will gain insights into the nuanced aspects of dividend policy during financial crises and its impact on firm valuation. The course also examines the global perspective on dividend policies and presents case studies to illustrate decision-making processes. Moving to a strategic level, the course explores the strategic implications of dividend policy on shareholder value, capital structure, and corporate governance. Discussions extend to the integration of dividend policy in mergers and acquisitions, risk management, and ethical considerations. Throughout the program, participants will be exposed to real-world scenarios, enabling them to analyze and apply dividend policy principles in diverse business contexts. This course equips individuals with the knowledge and strategic acumen needed to navigate the complex landscape of dividend decisions within the corporate realm.

At the end of the program, students will receive a certificate & performance letter by the educator indicating that they have completed the program and acquired the necessary skills and knowledge to excel in their chosen profession.

Dividend Policy: How to Pay Back Shareholders, by Faris Shah

  • Faris Saah has over twenty years of experience in the financial services industry. In 2013, he co-founded Avalon Capital Management, a fixed income alternative asset management firm focused on collateralized loan obligations. Prior to founding Avalon, Faris was a managing director and the head of credit research for the United States in the Customized Credit Strategies Unit of GSO Capital Partners LP. He served on both the management committee and investment committee and was responsible for a team of sixteen industry sector analysts. Prior to GSO, Faris was a senior vice president in Pequot Capital Management's long/short and short-only credit hedge funds. Prior to Pequot, Faris had extensive experience as a distressed credit analyst. Finally, Faris held investment banking positions at Morgan Stanley and JP Morgan. Faris graduated cum laude with a BS in industrial engineering and operations research from Virginia Polytechnic Institute and received an MS (with distinction) in management science and finance from the Massachusetts Institute of Technology's Sloan School of Management where he is currently part of the Sloan master of finance admissions team.

    I have spent over 25 years in the leveraged finance and private equity industries. I currently run a financial services advisory firm and teach various Finance/PE courses at Harvard University. Prior to launching Quansoo Partners, I was MD, Head of Credit Research at The Blackstone Group. Prior to Blackstone I spent 10 years in distressed and HY credit investing at Mariner Group and Pequot Capital Management. Prior to joining the buyside, I worked as a Lev Fin/PE banker at Morgan Stanley and JP Morgan.