We analyze a firm's choice between dividend payments and stock repurchases under heterogeneous beliefs and the … of its equity, choose between paying out its cash available through a dividend payment or a stock repurchase, as well as …. Finally, we develop a number of new results characterizing a firm's long-run stock returns following dividend payments and …

This paper is motivated from previous work in the area of bank interest rate and dividend policy, and we went further … to figure out whether there is any association between interest rate changes and the stock market's reaction to dividend … announcements. To conduct this research paper, we used 61 Bangladeshi banks out of 66 banks (excluding central bank) from the period …

Using a large sample of bank seasoned equity offerings (SEO) from 2002 to 2017, we first document detailed descriptive … statistics, and showed that nonperforming assets ratio, our primary measure of bank asset quality, reached the highest value … controlling for other variables, that the bank capital ratio as at the time of the SEO announcement is significantly and …

and dividend announcements and return seasonality …

This article measures the reaction of marginal investors to announcement of surprise dividend increase. However, the …. The valuation theory gives many clues for interpretation of dividend changes. At the start of literature review, the … dividend irrelevance (to investment decision) assumption is met. This assumption holds up-to-date valuation procedures leading …

divided paying company is decision investors must consider. However, the relationship between dividend and share returns is … not clear and how shareholders react to dividend increases or decreases is still a puzzle. This paper seeks to identify if … cash dividend change announcements have any effect on share returns. It also examines whether stock price returns react the …

We examine the impact of special dividend announcements for UK firms over the period 1989-2007. We find that the market … opportunities (low Tobin's q). For lower-growth firms, we do not find any evidence that the firm is using a special dividend to … signal future cash flow performance. Rather, it appears that these firms are using a special dividend to distribute cash that …

We examine abnormal stock returns surrounding contemporaneous earnings and dividend announcements in order to determine … interaction effect.The abnormal return corresponding to any earnings or dividend announcement depends upon the value of the other … more credence to unanticipated dividend increases or decreases when earnings are also above or below expectations, and vice …

The finance literature reports mixed results about the stock market reaction to dividend announcements. This study has … tried to figure out that the heterogeneous stock market reaction to dividend announcements might be attributed to several … size, leverage, and dividend yield in explaining the stock market reaction to dividend announcements. Using a sample of 206 …

Dividend announcement is one of the important corporate action and this action influence shareholders wealth. Investors … expect to invest before the dividend date to come, it may lead to positive abnormal return in that stock and also if … investors not happy with amount of dividend, it may also lead abnormal return. In this study, try to understand the stocks …