fundamental values calculated by using a long moving average of past dividend growth to forecast future growth rates. Such a … unknown and possibly-changing long-run dividend growth rates. The parameters of the stochastic process followed by dividends … less information about the dividend process. In such a context, it is difficult to see how investors can be faulted for …

, with a given dividend process, one of the processes of the expected return, the stock volatility, or the price-dividend … the dynamics of the expected return and the price-dividend ratio. By parameterizing one or more of expected returns …

This paper presents a dividend discount model (DDM) modified for high-growth stocks as an investment decision tool for …

dividend yield (DY) and change in aggregate Tobin's q ratio (∆TBQ) in forecasting returns on the S&P 500 (SP). The results from …

for dividend catering has been weak. Using aggregate data on real earnings per share and payout ratios, long time series … a VECM approach), we find evidence on dividend signaling as well as the stickiness of dividends. However, we also find …

The exhibits support several conclusions we can draw from use of the Williams and Brigham-Pappas dividend growth models …. The particular model selected to describe a stock's dividend time path has a great impact on the stock's identified value …. This may be seen in the large differences in stock values for the same cells in Exhibits 3, 4, and 7. The dividend growth …

Even in large equity markets, the dividend-price ratio is significantly related with the growth of future dividends. In … with within-year seasonality. We reduce the effect of price volatility on the dividend-price ratio by applying a simple … smoothing technique, and we identify the component of the smoothed dividend-price ratio that offers predictive power. An …