companies not paying any dividends at all (66% of observations representing dividend payouts amount to zero values). On average … the payout ratio was around 8.5%, reaching 25% for the subsample of companies – payers of dividends. This is lower than … portion of corporate profits. Differences in the amounts of dividends paid by public vs. non-public companies go down in the …

of their stocks for private investors. The adoption of new, uniform rules for the payment of dividends by state …

English Abstract: It is shown that distribution of profits does not necessarily imply the declaration of dividends … to declare dividends." The examples of execution of the decision on profit distribution …