relief to REITs facing cash flow problems. We investigate how the introduction of these rules affected dividend policy of … REITs cash flow problems are unlikely to be a determinant of the elective stock dividend issuance decision. Instead, our …

affects dividend policy of REITs. Surprisingly, we document that only 17 REITs chose to issue elective stock dividends. We … dividends. This suggests that cash flow problems are unlikely to be the primary determinant of the elective stock dividend … these dividend announcements …

dividend payments alone. The paper also examines the role that repurchases played in large BHCs' decisions to reduce or …-crisis repurchases and the size of dividend reductions for these institutions. …

dividend payments alone. The paper also examines the role that repurchases played in large BHCs' decisions to reduce or …-crisis repurchases and the size of dividend reductions for these institutions …