retained earnings. This recommendation takes two parts: Proposition III, i.e., a dividend has no impact on market value, and ….The purpose of this paper is to analyze non-dividend-distributing companies for positive NPV. I picked companies from the Standard … the null hypothesis should therefore be rejected.The paper also tabulates the assumptions needed for the Dividend …

of the classical log dividend–price ratio, we allow the data to reveal the cointegration vector between d and p. We … define the modified dividend–price ratio (mdp), as the long run trend deviation between d and p. Using S&P 500 data for the … correlation with the risk free return component, and can discern if a low dividend state coincides with a low yield state …

should better forecast stock index returns. We propose a dividend model that predicts, out-of-sample, 31.3% of the variation … in annual dividend growth rates (1976-2015). Further, when learning about dividend dynamics is incorporated into a long …

the connection between portfolio management and performance of deposit money banks in Nigeria. The study essentially … of deposit money banks in Nigeria. The Markowitz portfolio theory underpin the study while time series data on deposit …), and capital adequacy (CA) of deposit money banks in Nigeria. …

In this study, the Consumption-oriented Capital Asset Pricing Model (CCAPM) is tested for Nigeria by considering … decisions well, both Treasury Bill rates and dividend yield performed well in predicting consumption behaviour. For the … entire market. Betas for Treasury bill rates and dividend yields however suggest that the assets form strong basis for both …

negative effect of profitability on dividend payout of banks in Nigeria during the period in question. The findings further … payout ratio. Based on these findings, this study concludes that dividend process in Nigeria support the information … reveal evidence of a co-integrating relationship among past year dividend, profitability, capital adequacy and taxation, and …

This study sought to assess the significance of dividend policy and suggest measures that could enhance its … effectiveness on firms’ performance in Nigeria. To achieve the objective, some financial and performance indicators were evaluated …), the dividend payout ratio was statistically insignificant both in the short-run and long-run periods. This implies that …

Within the sphere of financial management for Nigerian Deposit Money Banks (DMBs), the dividend payout ratio stands as …, macroeconomic influences, and mergers and acquisitions on the dividend payout ratio of five selected DMBs. Secondary data collected …, and bank size were positively associated with dividend payout ratio except leverage, which negatively affected dividend …

This paper studies the impact of exogenous export demand shocks on firms’ dividend policy using firm specific real …