The correct answer is C. Paid up capital.
Paid up capital is the amount of money that shareholders have paid into the company in exchange for shares. It is not relevant for dividend payment because it is a historical figure and does not reflect the company’s current financial position.
Cash flow position, profit position, and retained earnings are all relevant for dividend payment because they reflect the company’s current financial position and ability to pay dividends.
Cash flow position is the amount of cash that the company has available to pay dividends. Profit position is the company’s net income, which is a measure of its profitability. Retained earnings are the company’s accumulated profits that have not been paid out as dividends.
A company’s board of directors will consider all of these factors when deciding whether or not to pay dividends. They will also consider the company’s long-term financial goals and the needs of its shareholders.