foreign dividends in the Jobs and Growth Tax Relief Reconciliation Act (JGTRRA). JGTRRA lowered the dividend tax rate to 15 …

Statistics of Income data for dividend and interest income earned by U.S. households from 1954 to 1980. To illustrate the effects …

noteworthy may have been the reduction in dividend tax rates. The political debate over the dividend tax reductions of 2003 took … probability of significant dividend tax reduction fluctuated significantly during 2003. In this paper, we use this fact to … estimate the effects of dividend tax policy on firm value. We find that firms with higher dividend yields benefited more than …

This paper analyzes the effects of dividend taxation on corporate behavior using the large tax cut on individual … dividend income enacted in 2003. Using data spanning 1980 to 2004-Q2, we document a sharp and widespread surge in dividend … payments following the tax cut, along several dimensions. First, an unprecedented number of firms initiated regular dividend …

unique opportunity to analyze the effects of dividend taxes on dividend payments by U.S. corporations. This paper uses data … widespread surge in dividend distributions following the tax cut, along several dimensions. First, the fraction of publicly … decades. Nearly 150 firms have initiated dividend payments after the tax cut, adding more than $1.5 billion to aggregate …

dividend income and that on accruing capital gains. It describes the construction of weighted average marginal tax rate series … impact of this change on payout depends on the elasticity of dividend payments with respect to the after-tax value of … dividend income relative to capital gains. Time series estimates suggest an elasticity of more than three, and imply that the …

from 38.1 percent to 15 percent. This study analyzes dividend declarations in the quarter following passage. Aggregate … dividends rose by 9 percent when boards of directors first met following enactment. Consistent with the dividend changes being … tax-motivated, they are increasing in the percentage of the firm held by individuals. Dividend changes also increased with …

factors that drive dividend and share repurchase policies. We find that managers are very reluctant to cut dividends, that … dividends are smoothed through time, and that dividend increases are tied to long-run sustainable earnings but much less so than … investment. Managers like to repurchase shares when they feel their stock is undervalued and in an effort to affect EPS. Dividend …