Gwilym, Owain ap; Morgan, Gareth; Thomas, Stephen - In: Journal of Business Finance & Accounting 27 (2000-05) 3&4, pp. 261-281
This paper establishes an empirical role for two measures of dividend stability (as a proxy for dividend policy) in explaining UK stock returns. There is little systematic empirical evidence concerning the relation between dividend stability, dividend yield and stock returns despite the fact...