OECFS

AcronymDefinition
OECFSOffice of Early Childhood and Family Services (Fairfax County Public Schools, Virginia)
Copyright 1988-2018 AcronymFinder.com, All rights reserved.
References in periodicals archive ?
In this regard, management must be confident in their OECF estimations far into the future when a regular dividend is initiated or subsequently increased.
Similarly, repurchasing preferred equity can also be a beneficial use of OECF if the cost of preferred capital exceeds the common stock shareholders' required return.
Returning the OECF to the common stock shareholders via a stock repurchase and/or dividend is the next consideration.
Instituting a regular, quarterly dividend payout requires the corporation to have sufficient OECF far into the future.
Bottom line, if the corporation does not have ample OECF far into the future, a regular cash dividend should not be initiated or increased.
Regarding the return of OECF via a stock repurchase, excess cash is only returned to shareholders that actually sell the stock.
Returning excess cash flow to common stock shareholders in the form of a regular cash dividend should only occur if management expects ample OECF far into the future.
Given this importance, the owners' excess cash flow (OECF) calculation provides specific focus on cash flows "free" for distribution to a company's common stock shareholders.