(using short-term a discrete event). After a firm has declared a dividend (i.e., after the news release), but in the few days … that precede the payment date, an investor in the traded equity owns a claim to the dividend cash plus the remaining firm … equity within the corporate shell. After the payment date, the shell contains only the dividend-sans-cash firm equity. The …

indices ignore dividends thereby underreporting market performance. Newspapers are more pessimistic on ex-dividend days …

We empirically decompose the S&P 500's dividend yield into (1) a rational forecast of long-run real dividend growth, (2 …) the subjectively expected risk premium, and (3) residual mispricing attributed to the market's forecast of dividend growth …

dividend growth rates of the aggregate stock market. This approach aggregates information contained in the history of price-dividend … ratios and dividend growth rates to predict future returns and dividend growth rates. We find that returns and dividend … growth rates are predictable with R-squared values ranging from 8.2% to 8.9% for returns and 13.9% to 31.6% for dividend …

dividend growth rates between 1975 and 2016. Further, when learning about dividend dynamics is incorporated into a long …

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 …

to dividend yields as predictors of stock returns. Monte Carlo analysis indicates that the Hansen and Hodrick (1980 …

This paper examines the empirical relation between stock returns and dividend yields. Several equilibrium pricing …