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

Crutchley, Claire E.; Hudson, Carl D.; Jensen, Marlin R. H.; Marshall, Beverly B.
June 2003
Financial Services Review;Summer2003, Vol. 12 Issue 2, p129
Academic Journal
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.


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