Michayluk, David; Neuhauser, Karyn; Walker, Scott - In: International Journal of Managerial Finance 18 (2021) 1, pp. 138-155
Purpose: The study's purpose is to examine market returns around dividend announcements that contrast with a pattern of prior dividend announcements. Design/methodology/approach: The paper identifies firms that have a smooth dividend pattern of once-a-year dividend increases but at some point...