There are several types of dividend policies a company can adopt: 1. A regular dividend policy pays dividends at a usual rate and is preferred by retired investors who need steady income. It requires long-standing, stable earnings. 2. A stable dividend policy aims to consistently pay dividends, through methods like a constant dividend per share, constant payout ratio, or stable low dividend plus extra in high-profit years. 3. An irregular dividend policy is used when earnings are uncertain or the company lacks liquid resources. A no dividend policy may be adopted if working capital is unfavorable or funds are needed for future growth.