empirical practice of omitting dividend growth from the system amounts to imposing the extra restriction that dividend growth is … not persistent. We highlight that persistence in dividend growth induces a previously overlooked channel for return … predictability, which we label ``dividend momentum.'' Compared to estimation based on OLS, our restricted informative prior leads to …

index, a major eurozone stock index, and its dividend futures. From the observed prices of the dividend futures and Euribor … (swap) rates, we calculate the transition of term structures for expected dividend growth rates, market risk premiums, and … show from a variance decomposition analysis that the fluctuations in both expected dividend growth rates and risk premiums …

dividend yield (DY) and change in aggregate Tobin's q ratio (∆TBQ) in forecasting returns on the S&P 500 (SP). The results from …

This study examines how the percentage change in S&P 500 dividend yield (DY) dynamically responds to shock to the …

We propose a behavioral dividend clientele view to explain a unique “ex-dividend day” anomaly on the Chinese stock … market. In particular, we find that on the ex-dividend day, the average CAPM-adjusted stock return is significantly below … of dividend paying stocks prior to the ex-dividend day and switch to net sellers of on and after the ex-dividend day …

This study examines the impact of the ex-day of stock dividend on stock return and volume on Borsa Istanbul stock … return and volume is seen around the ex-day of stock dividend. The cumulative average excess return over market return starts … following. Our findings show that abnormal return around ex-day is strongly associated with stock dividend pay-out ratio, asset …

Purpose: The aim of our paper is twofold. First, we examine the predictive ability of log bookmarket, dividend …-price, earnings-price and dividend-earnings ratios on the most recent data set of the strongest securities in the UK economy; unlike … the majority of the studies in this data set, our analysis is not limited on returns but further investigates dividend and …

This study investigates the informational effect of stock liquidity on dividend payouts. Using a sam- ple of Polish … listed companies during 2000 - 2012, I do not find a relation between stock liquidi- ty and dividend payouts. This result is … find that the relation between stock liquidity and dividend payouts is more pronounced when the information environment is …