This article studies the stickiness and smoothness of dividend policy from a new perspective, through examining the dividend policy of Taiwanese firms over 2005-2012. The issues we investigate include: the propensity to paying dividends, the magnitude of dividends and the periods between the...

Since the death of Steve Jobs, Apple has distributed eleven quarterly dividends. Of these, cash was paid 7 days after the ex-dividend date on nine occasions, and twice after 8 days. However, it used to pay cash at least 18 days after the ex-dividend date. When examining the whole market, firms...

After 16 years of suspension during the leadership of Steve Jobs, Apple now pays cash dividends. Since the death of Jobs, Apple has distributed twelve quarterly dividends. Of these, cash was paid 7 days after the ex-dividend date on nine occasions, and twice after 8 days. It has been well...

We study the payout policy of Taiwanese firms over 2009-2011 and collect payout events of three forms: distributing cash dividends, conducting share repurchases and reducing capital. Due to the dominant role of dividends, we focus on four issues pertaining to dividends. The first issue is on the...

Taiwanese firms sometimes make stock repurchases or reduce capital as alternative forms of paying earnings in place of distributing cash dividends. Yet, distributing dividends is still the dominant payout form. In addition, we find some impressive evidence on Taiwan market. First, both the...