A Dividend Reinvestment Plan (DRP) allows firms to increase their dividend payout and, at the same time, enables … a DRP under the Australian dividend imputation regime over the sample period 1995-2009. Dividend imputation …-resident shareholders. Reforms to Australia's tax system in July 2000 also allowed Australian individual, superannuation and pension fund …

This study focuses on the relationship between dividend payout ratio and DRP (Dividend Reinvestment Plan) adoption … within the framework of the Australian dividend tax imputation system. Since the decision to adopt the DRP (Dividend … Reinvestment Plan) is effected through the distribution of dividends, a longitudinal study of dividend payout ratios and DRP …

This study examines the characteristics of firms that have an underwritten Dividend Reinvestment Plan (“UDRP”) under … the dividend tax imputation system in the Australian equity market. An underwritten dividend reinvestment plan is a DRP in … the issue price to reach the guaranteed participation level. UDRPs enable firms to increase and maintain a high dividend …

dividend payout ratios instead correspond to higher future earnings growth. Examining both listed and delisted firms on the … Australian stock exchange over the period 1989 to 2008, we provide further evidence that the dividend payout ratio is positively …

strong evidence that dividend paying firms have more persistent earnings than non-dividend paying firms. Firms that pay … levels of franking identifying more mature firms, fully franked dividend paying firms have significantly less persistent … and controlling for dividend size and firm age …

opportunity for a timely investigation of Australia’s stock-listed firms and its stock markets. Two elements that are crucial to … lead to a growth and those whose reinvestments do not. In this paper, we seek to address both of these aspects of Australia …

shareholders, despite a slight decline in the proportion of dividend payers since the relaxation of buy-back regulations in 1998 …. Off-market share buy-backs return the largest amount of cash to shareholders. Dividend paying firms are larger, more … profitable, and have less growth options that non-dividend paying firms. Consistent with the life cycle theory, we observe a …

novel environment of Australia. Domestic shareholders who have a strong preference for imputation credits capture franking … credits by buying fully-franked stocks cum-dividend and selling them ex-dividend; the opposite is true for foreign … shareholders. Dividend yield is the determinant factor of the choice of stock for the transfer of franking credits whereas risks …

opportunity for a timely investigation of Australia's stock-listed firms and its stock markets. In this paper, the aim is to …

This paper investigates the influence of retail minority shareholders in the determination of corporate dividend … academic literature to have limited influence on corporate dividend decisions, casual empiricism suggests the contrary. We … when setting dividend policy, even when they are minority shareholders, so long as the proportion of these retail …