Study Of Factors Affecting Dividend Yield And Dividend Payout Ratio PDF Download
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Author: Rabia Qamar
Publisher: LAP Lambert Academic Publishing
ISBN: 9783659306907
Category :
Languages : en
Pages : 84
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Book Description
This book is regarding factors like profitability, market to book value, financial leverage, lagged value of dividend, stock price and size of firm which has great effect on dividend yield and dividend payout ratio.Dividend is very important activity of an organisation.Dividend value attracts the investor or shareholder towards an organisation, without shareholder investment organisation has no fu
Author: Rabia Qamar
Publisher: LAP Lambert Academic Publishing
ISBN: 9783659306907
Category :
Languages : en
Pages : 84
Get Book Here
Book Description
This book is regarding factors like profitability, market to book value, financial leverage, lagged value of dividend, stock price and size of firm which has great effect on dividend yield and dividend payout ratio.Dividend is very important activity of an organisation.Dividend value attracts the investor or shareholder towards an organisation, without shareholder investment organisation has no fu
Author: Joseph Mwanza
Publisher: GRIN Verlag
ISBN: 3346331075
Category : Business & Economics
Languages : en
Pages : 40
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Book Description
Seminar paper from the year 2020 in the subject Business economics - Investment and Finance, Catholic University of Eastern Africa (School of Business), course: Finance, language: English, abstract: This study sought to establish the factors that affect dividend payout of listed commercial banks in Kenya. Specifically, profitability, liquidity, firm size, and past dividend were determined if they affected dividend payout among listed commercial banks in Kenya. The study was based on the Bird in Hand Theory. A correlational research design was used to examine relationship among the variables. The target population for this study consisted of all listed commercial banks in Kenya. Purposive sampling procedure was used to select listed commercial banks for the study. The study employed secondary data which was obtained from the financial statements of the commercial banks for a period of five years ranging from 2012 to 2016. The study showed that profitability, liquidity, firm size and past DPS accounted for 77.69% of variations in dividend payout for listed commercial banks. All the four factors were found to be significant in affecting dividend payout for the listed commercial banks. Profitability and past dividend per share were found to be positively correlated with dividend payout while liquidity and firm size were found to be negatively correlated with dividend payout. The researcher recommends more research to be done taking into consideration other factors. These include factors such as the commercial banks management, legal environment, and competition within the banking industry.
Author: George Frankfurter
Publisher: Elsevier
ISBN: 0080488730
Category : Business & Economics
Languages : en
Pages : 249
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Book Description
Dividend Policy provides a comprehensive study of dividend policy. It explores the puzzle presented by dividends: irrational and subject to fashion, yet popular and desirable, they remain a priority among managers, even while perceived as largely symbolic. After exploring the history of dividend payments, from the emergence of the modern corporation to current perspectives, it traces the evolution of academic models on dividend policy. Here the authors review models of symmetric and asymmetric information before analyzing academia's accomplishments in solving the dividend puzzle. Related subjects, such as valuation and wealth distribution, round out the authors' presentation about new ways to think about one of the most intriguing subjects in financial economics. The book is recommended for professors and students in departments of finance and business, corporate finance staff, and financial regulators. The only comprehensive study of dividend policy Covers the historical evolution of dividends and academic research on dividend policy Presents new ways of thinking about dividends and dividend policy
Author: Richard Ward Clark
Publisher:
ISBN:
Category :
Languages : en
Pages : 364
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Book Description
Author: Serkan Unal
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
In this study, the effect of the free float ratio on dividend payout ratio, dividend yield, and paid capital increase in companies traded in Borsa Istanbul in the period covering the years 2008-2022 is investigated. According to the results of the research, as the free float ratio increases, the dividend payout ratio and dividend yields decrease, and the probability of paid capital injection increases. There is a positive relationship between the market value of the companies and their dividend payout rates, dividend yields, and the probability of making a paid capital increase. As the return on assets of the companies positively affects the dividend yield, it reduces the possibility of making a paid capital increase. The growth rate of companies' sales is also a factor that increases the possibility of paid capital increase. The results of the research confirm the existence of agency costs in Borsa Istanbul.
Author: Ahmed Imran Hunjra
Publisher:
ISBN:
Category :
Languages : en
Pages : 7
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Book Description
Purpose: The volatility in stock prices is one of the most discussed topics in finance. Many studies have been conducted to find the factors which cause fluctuation in stock prices and different results have been found. In this study an attempt has been made to see the affect of dividend yield, dividend payout ratio, return on equity, earning per share and profit after tax on stock prices in Pakistan. For this purpose four non financial sectors (Sugar, Chemical, Food and personal care, Energy) have been selected. A sample of 63 companies listed at Karachi stock exchange was analyzed for the period of 2006-2011. Methodology: Ordinary least square regression model has been applied on panel data. Findings: The results indicate dividend yield and dividend payout ratio which are both measures of dividend policy have significant impact on stock price. Dividend yield is negatively related with stock price and dividend payout ratio is positively related with stock price which means that these results are against dividend irrelevance theory. For other independent variables profit after tax and earnings per share have significant positive impact on stock price and return on equity which shows positive insignificant impact on stock price. Recommendations: This paper shows new insights for policy makers to improve the performance of Karachi stock exchange.
Author:
Publisher:
ISBN: 9781846632563
Category : Corporations
Languages : en
Pages : 83
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Book Description
Dividend policy continues to be among the premier unsolved puzzles in finance. A number of theories have been advanced to explain dividend policy. This e-book briefly reviews the principal theories of payout policy and dividend policy and summarizes the empirical evidence on these theories. Empirical evidence is equivocal and the search for new explanation for dividends continues.
Author: Ronald C. Lease
Publisher: Harvard Business Review Press
ISBN:
Category : Business & Economics
Languages : en
Pages : 248
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Book Description
With relevant anecdotes, surveys, examples, and research from the financial press, company documents, and academic literature, the book focuses less on mathematics and more on the intuition of share valuation as a function of dividend policy.
Author: Arindam Banerjee
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
In this study, an attempt has been made to investigate the influence of capital structure decisions on dividend payout ratio for the companies belonging to BSE500 in India during the pre- and post-period of the recent global recession. The pre-recession period has been taken from 2001-2002 to 2006-2007 while the post-recession period from 2007-2008 to 2012-2013. The dependent variable taken into consideration is the Dividend Payout ratio and 10 independent variables which might have some impact on the dependent variable taken into consideration are Business Risk, Size (Log Sales), Size (Log assets), Growth Rate (Assets), Interest Coverage Ratio, Degree of Operating Leverage, Financial Leverage, Return on Assets, Tangibility and 'Non-Debt Tax Shield. Logistic regression has been utilized in this study. It is found from the study that Growth Rate (Assets) and Profitability (Return of Assets) are significant variables influencing the dividend payout ratio in the pre-recession period, while Profitability (Return of Assets) and Financial Leverage are significant variables influencing dividend payout ratio in the post-recession period.
Author: Harry DeAngelo
Publisher: Now Publishers Inc
ISBN: 1601982046
Category : Corporations
Languages : en
Pages : 215
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Book Description
Corporate Payout Policy synthesizes the academic research on payout policy and explains "how much, when, and how". That is (i) the overall value of payouts over the life of the enterprise, (ii) the time profile of a firm's payouts across periods, and (iii) the form of those payouts. The authors conclude that today's theory does a good job of explaining the general features of corporate payout policies, but some important gaps remain. So while our emphasis is to clarify "what we know" about payout policy, the authors also identify a number of interesting unresolved questions for future research. Corporate Payout Policy discusses potential influences on corporate payout policy including managerial use of payouts to signal future earnings to outside investors, individuals' behavioral biases that lead to sentiment-based demands for distributions, the desire of large block stockholders to maintain corporate control, and personal tax incentives to defer payouts. The authors highlight four important "carry-away" points: the literature's focus on whether repurchases will (or should) drive out dividends is misplaced because it implicitly assumes that a single payout vehicle is optimal; extant empirical evidence is strongly incompatible with the notion that the primary purpose of dividends is to signal managers' views of future earnings to outside investors; over-confidence on the part of managers is potentially a first-order determinant of payout policy because it induces them to over-retain resources to invest in dubious projects and so behavioral biases may, in fact, turn out to be more important than agency costs in explaining why investors pressure firms to accelerate payouts; the influence of controlling stockholders on payout policy --- particularly in non-U.S. firms, where controlling stockholders are common --- is a promising area for future research. Corporate Payout Policy is required reading for both researchers and practitioners interested in understanding this central topic in corporate finance and governance.
