the dividend smoothing, determinants of dividend payouts, and the market reaction to dividend announcements of the modern … REIT. We find the Lintner (1956) smoothing parameter suggests a high level of dividend smoothing in quarterly data and … industrial counterparts. Beyond the dividend paid last period and contemporaneous earnings, usual determinants of dividend …

We examine stock prices and the number of stocks traded around ex-dividend dates of German stocks with tax …-free dividend. Tax-free dividends are temporarily tax-exempt, as they reduce the initial purchasing price of a stock. With our … empirical results indicate that ex-date prices decline, on average, by the amount of the dividend. We do not find a significant …

This study analyzes the firm-specific factors affecting the dividend payout decisions of the companies whose shares are …–Bover/Blunder-Bond two-step system generalized method of moments, a statistically significant positive effect on dividend payout was found in … the relationship between the dividend payout of the previous year, the company’s return on equity and the market value …