In actuarial risk theory, the introduction of dividend pay-outs in surplus models goes back to Bruno de Finetti (1957 …). Dividend strategies that can be found in the literature often yield pay-out patterns that are inconsistent with actual practice …. One issue is the high variability of the dividend payment rates over time. We aim at addressing that problem by specifying …

We consider the optimal dividend distribution problem of a financial corporation whose surplus is modeled by a general … surplus itself through general functions. The aim is to find a dividend payout scheme that maximizes the present value of the …

In actuarial risk theory, the introduction of dividend pay-outs in surplus models goes back to Bruno de Finetti (1957 …). Dividend strategies that can be found in the literature often yield pay-out patterns that are inconsistent with actual practice …. One issue is the high variability of the dividend payment rates over time. We aim at addressing that problem by specifying …

models. Our algorithm is illustrated by various numerical examples. We also specify a dividend model which is easy simulable … and consistent with the market dividend smile …

dividend stream is modeled as a random walk with innovations drawn from the family of stable distributions. We derive an exact …