implied by analysts' dividend forecasts under the explicit notion of taxes and non-flat term structures of interest rates and …

In contrast to the disappearing dividends view, we predict that variability in dividend payments increases investor … demand for dividend information and analysts respond to this demand by producing informative dividend forecasts. We examine … dividend payers from 16 countries spanning 2000–2013 and find that only 25% of firms exhibit sticky dividends, while the …

-forecasting ability managers. Our findings support the signaling theory of dividend changes and indicate that management forecasting …We revisit the predictive ability of dividend changes for firms’ future earnings and extend the literature by examining … the effect of management forecasting ability. Although prior studies have examined the relationship between dividend …