Recent literature has claimed that the 2003 U.S. dividend tax cut caused a large increase in aggregate dividend payouts …. I document four simple facts that call this claim into question. First, the post-tax cut increase in dividend payouts … coincided with a surge in corporate profits, such that the dividend payout ratio did not rise. Second, share repurchases …

Recent literature has estimated that the 2003 dividend tax cut caused a large increase in aggregate dividend payouts …, which would imply that dividend taxation creates large efficiency costs relative to the amount of revenue raised. I document … that dividend payouts by real estate investment trusts also rose sharply following the tax cut, even though REIT dividends …

We examine the operating performance subsequent to dividend initiations by comparing firms with similar pre … information content of dividend initiations regarding future earnings is reflected in the long-term reaction …

persistently affects dividend payments than stock repurchases. It also has a boosting effect on stock returns in the Bush Tax Cut … that is 75 % greater than their reducing effect in the Obama Tax Increase, in absolute terms, controlling for dividend … realize that some dividend-paying firms could change their dividend policies …

We analyze ex day dynamics around the May 2003 dividend tax cut in a framework with arbitrageurs as liquidity providers …

the tax-free status of income trusts, instead, on November 23, 2005, they announced a reduction of the tax on dividend …

Dividend taxation is an important component of investors’ taxes and has attracted the attention of policymakers and … financial economists. However, the theory of dividends and the reform of dividend taxation remain a puzzle. This paper analyzes … the effect of dividend taxation on firms’ dividend policies. Using a natural experiment and difference …

.We determine the optimal dividend and (unconstrained) capital injection strategy when jumps are hyperexponential. This strategy … happens to be either a dividend barrier strategy without capital injections, or another dividend barrier strategy with forced … injections when the surplus is null to prevent ruin. The latter is also shown to be the optimal dividend and capital injection …

.We determine the optimal dividend and (unconstrained) capital injection strategy (among all possible strategies) when jumps are … hyperexponential. This strategy happens to be either a dividend barrier strategy without capital injections, or another dividend … dividend and capital injection strategy, if ruin is not allowed to occur. Both the choice to inject capital or not and the …

that a dividend barrier strategy is optimal when dividend decisions are made continuously. In practice, however, companies … that are capable of issuing dividends make dividend decisions on a periodic (rather than continuous) basis.In this paper …, we consider a periodic dividend strategy with exponential inter-dividend-decision times and continuous monitoring of …