The study of dividend policy has captured the attention of finance scholars since the middle of the last century. There is a literature gap as very few studies have been carried out in the UAE and no study investigated the determinants of dividend payout policy in the UAE banking sector. The objective of this study is to investigate the impact of liquidity and profitability on the dividend poli...

Dividend is the return that an investor receives when purchasing a company’s shares. The decision to pay these dividends to shareholders concerns several other groups of people, such as financial managers, consulting firms, individual and institutional investors, government and monitoring authorities, and creditors, just to name a few. The prediction and modelling of this decision has received ...

Using quarterly data and benchmarks based on past performance-characteristics, I find little evidence that earnings change following 661 dividend decreases and 872 dividend omissions between 1980 and 1998. The exception is that earnings deteriorate during the quarter of dividend omissions, but they recover within a couple of quarters. My results further suggest that the lack of a more pronounce...

German dividends typically carry a tax credit which makes the dividend worth 42.86% more to a taxable German shareholder than to a tax-exempt or foreign shareholder. This results in a penalty for foreign investors who buy and hold German dividend-paying stocks. I document that, as a result of the credit, the ex-day drop exceeds the dividend by more than one-half of the tax credit, and show that...

Suppose that the equity premium is forecasted by dividend yields. Even if such a relationship does exist, there is so much noise in the equity premium that estimation, inference and forecasting cannot be carried out using the faint signal coming from the dividend yields. For analyzing equity/dividend data, it is useful to quantify the signal in a given sample. We de…ne an index of signal streng...

We estimate the cross-sectional relationship between open market repurchases and accounting data for a large sample of dividend-paying and non-dividend-paying firms over a twelve year period (1984-95). Consistent with the hypothesis that firms use open market repurchases to reduce the agency costs of free cash flow, we find that repurchases are positively related to proxies for free cash flow a...

This note gives a quali…ed a¢ rmative answer to a natural question, asked by Ohlson and motivated by some earlier work, concerning the irrelevance of dividend policy to the calculation of equity in the context of an Ohlson style general linear accounting dynamic. Does Dividend Irrelevance occur when discounting at a rate of interest R if and only if R is set equal uniquely to the dominant eigen...

We consider a risk model with threshold strategy, where the insurance company pays off a certain percentage of the income as dividend whenever the current surplus is larger than a given threshold. We investigate the ruin time, ruin probability, and the total dividend, using methods and results from queueing theory.

Purpose: This study examines the effect of leverage, investment opportunity sets, and managerial ownership on firm value with dividend policy as an intervening variable in manufacturing companies listed Indonesia Stock Exchange. Theoretical framework: The general framework this research includes two theories it firstly, Signaling Theory which is action taken by management to guide investors abo...