-class firms have higher cash dividend payments and total payouts, and they use more regular cash dividends rather than special … dividends or repurchases, compared to their propensity-matched single-class firms. Dual-class firms with severe free cash flow … generate home-made dividends by selling shares since super-voting shares are often non-tradable or very illiquid. …

The study aims to find out whether the disappearing dividends, the decline in the number of dividend payers, the size …/nominal dividends driven by the high dividend/ earnings concentration and the increasing level of earnings. The reinstatement of the …

-related literature on dividends explores the implications of differential taxes on dividends and capital gains on stocks’ valuation and … firms’ propensity to pay out cash in the form of dividends. The issues investigated in this literature are of central … perspective, dividends should be minimized. We review the theoretical as well as empirical literature on Signaling …

form of the payout: dividends, share repurchases or both. Payout is determined by free cash flow. The choice for dividends … and repurchases depends on behavioral and tax preferences. Furthermore, the payout is less likely to be dividends if the …

Banks cut dividends with great reluctance, as if addicted to them. Their apparent addiction is a major cause of concern … dividends if agency costs are high and dividends substitute for shareholder monitoring. Banks may rely on persistent dividend …

results in a significant decrease in the level of corporate dividends and, at the same time, into an increase in share … repurchases. Yet, few suggestions have been made on how to account for dividends in SOPs. This paper applies arguments from …

Firms pay out cash using both dividends and share repurchases. In many aspects these two means are similar, but one … important difference is that dividends are generally taxed more heavily than share repurchases. Nevertheless firms persist in … paying out large amounts in dividends. This paper provides an explanation for this dividend puzzle by developing a class of …