TITLE

Special Dividends: What Do They Tell Investors About Future Performance?

AUTHOR(S)
Crutchley, Claire E.; Hudson, Carl D.; Jensen, Marlin R. H.; Marshall, Beverly B.
PUB. DATE
June 2003
SOURCE
Financial Services Review;Summer2003, Vol. 12 Issue 2, p129
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
Discusses a study that examined the long-term performance of U.S. firms paying special dividends to determine whether stock returns and earnings continue to improve over a long term. Review of research on special dividends; Formula used in computing for the return on operating assets; Implications of the decision of regular dividend payers to pay a special dividend rather than permanently changing the payout level.
ACCESSION #
10839223

 

Related Articles

  • Dividend Announcements and Stock Returns: An event study on Karachi stock exchange. Mahmood, Shahid; Sheikh, Muhammad Fayyaz; Ghaffari, Abdul Qayyum // Interdisciplinary Journal of Contemporary Research in Business;Dec2011, Vol. 3 Issue 8, p972 

    The purpose of present study is to explore the effect of cash paid as dividend on share prices. Value relevance of cash dividend announcement is tested on a sample of around 100 corporate dividend announcements in Karachi Stock Exchange (KSE), during the period of 2005 to 2009. Market model with...

  • The Shareholder Base and Payout Policy. Bodnaruk, Andriy; Östberg, Per // Journal of Financial & Quantitative Analysis;Jun2013, Vol. 48 Issue 3, p729 

    We examine the relation between the shareholder base and payout policy. Consistent with the idea that the shareholder base is related to the cost of external financing, we find that firms with small shareholder bases have lower payout levels and maintain higher cash holdings. We show that...

  • Payout ratio: A flexibility test for dividends.  // Dow Theory Forecasts;12/8/2014, Vol. 70 Issue 50, p4 

    The article discusses the use of payout ratio to help investors gauge the capacity of companies in the U.S. for future dividend growth. The payout ratio works by dividing the indicated annual dividend into earnings per share (EPS) over a year. It explains the implication of a 100% payout ratio...

  • General Mills Q4 sales fall. Investor's Business Daily // Investors Business Daily;6/26/2014, pA02 

    The maker of Cheerios and Trix cereals reported a 26% jump in EPS to 67 cents, missing views by 5 cents. Sales fell 2.7% to $4.3 bil, under views for $4.4 bil. U.S. retail segment sales fell 1% to $2.4 bil and int'l segment sales fell 7% to $1.3 bil. New cost-cut efforts will save $40 mil in...

  • Stock Return Predictability: Is it There? Ang, Andrew; Bekaert, Geert // Review of Financial Studies;May2007, Vol. 20 Issue 3, p651 

    We examine the predictive power of the dividend yields for forecasting excess returns, cash flows, and interest rates. Dividend yields predict excess returns only al short horizons together with the short rate and do not have any long-horizon predictive power. At short horizons, the short rate...

  • Getting your fair share.  // Dow Theory Forecasts;7/2/2007, Vol. 63 Issue 27, p1 

    The article features stocks with attractive shareholder yields in the U.S. Citigroup Inc. generates 45 percent of revenue in foreign countries and its acquisitions helped drive its sales growth. Exxon Mobil Corp.'s per-share earnings increased by 15 percent in 2006 and its per-share dividends...

  • An Empirical Study to test the Explanatory Power of the Factor Portfolios. Amit, B. Mirji // Advances in Management;Feb2013, Vol. 6 Issue 2, p15 

    The study tests whether growth in cash earnings per share (CEPS) for a portfolio is explained by similar growth in factor portfolios like market, SMB and HML as envisaged in the Fama and French three-factor return model for NSE listed companies during 1996- 2010. The results show that growth in...

  • HEAVY GOING. Coulson, Michael // Finweek;12/7/2006, p37 

    The article reports on the tough condition experienced by Dorbyl Ltd., one of the largest heavy engineering groups in South Africa. According to the author, the said company has experienced abnormal costs which is related to downsizing of its head office complement by 80% and headline earnings...

  • Directors & Dividends.  // Finweek;10/3/2013, p60 

    A chart is presented which provides information on the directors' dealings of various companies which include Finbond, Pergrin, and Shoprit.

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics