Watch the placement of “however”

Before

SFAS No. 123(R) requires, however, the Company to compare its estimated option forfeiture rates to actual forfeiture rates and record any adjustments as necessary.

The payment and amount of future dividends remain, however, within the discretion of the Company’s Board of Directors and will depend upon the Company’s future earnings, financial condition, capital requirements, and other factors.

A preliminary injunction was issued by a federal district court, however, against implementation of some of these federal regulations.

Before, with commentary

Not everyone will agree with me (imagine!), but I think “however” is disruptive in the middle of the sentence. My preference is to shift it to the beginning so that the rest of the sentence will flow better.

After

However, SFAS No. 123(R) requires the Company to compare its estimated option forfeiture rates to actual forfeiture rates and record any adjustments as necessary.

However, the payment and amount of future dividends remain within the discretion of the Company’s Board of Directors and will depend upon the Company’s future earnings, financial condition, capital requirements, and other factors.

However, a federal district court issued a preliminary injunction against implementation of some of these federal regulations.