surge of special dividends in the final months of 2010 and 2012, immediately before individual-level dividend tax rates were … their regular dividend payments by shifting what would normally be January regular dividend payments into December. To our … knowledge this is the first evidence in the literature about the timing of regular dividend payments in response to tax law …

surge of special dividends in the final months of 2010 and 2012, immediately before individual-level dividend tax rates were … their regular dividend payments by shifting what would normally be January regular dividend payments into the preceding … December. To our knowledge this is the first evidence in the literature about changes in the timing of regular dividend …

tax gain from leverage. Hence the composite marginal dividend tax rate can be specified as the nominal rate minus the … prior study has examined empirically whether the dividend-induced tax gain from leverage influences dividend policy. We … address this empirical void and find dividends decrease in the nominal dividend tax rate and increase in the offsetting tax …

from 38.1 percent to 15 percent. This study analyzes dividend declarations in the quarter following passage. Aggregate … dividends rose by 9 percent when boards of directors first met following enactment. Consistent with the dividend changes being … tax-motivated, they are increasing in the percentage of the firm held by individuals. Dividend changes also increased with …

from 38.1 percent to 15 percent. This study analyzes dividend declarations in the quarter following passage. Aggregate … dividends rose by 9 percent when boards of directors first met following enactment. Consistent with the dividend changes being … tax-motivated, they are increasing in the percentage of the firm held by individuals. Dividend changes also increased with …