A company following a residual dividend payout policy will pay higher dividends when, everything else equal, it has A. Less-attractive investment opportunities. B. Lower earnings available for reinvestment. C. A lower targeted debt-to-equity ratio. D. A lower opportunity cost of retained earning...
When a company’s return on equity (ROE) is 12% and the dividend payout ratio is 60%, what is the implied sustainable growth rate of earnings and dividends?A. 4.0%.B. 4.8%.C. 7.8%. 正确答案:B 分享到: 答案解析: g = ROE × retention ratio = ROE × (1 – payout ratio) = ...
This is referred to as dividend reinvestment. Dividend reinvestment plans (DRIPs) are commonly offered by individual companies and mutual funds. The company has a legal responsibility to pay the dividend when it's been announced on the declaration date, When Dividends Are Paid The company ...
Banks Given Hopes of a Dividend Payout after Revolt over ?37Bn Rescue; Broker: When Lloyds Chairman Sir Victor Blank Arranged the Bail-Out Deal with Gordon Brown, HBOS Was Valued at ?12.2 Billion
aLintner (1956) interviewed managers from 28 companies and concluded that dividends are sticky, tied to longterm sustainable earnings, paid by mature companies, smoothed from year to year, and that managers target a long-term payout ratio when determining dividend policy. Lintner (1956) 被采访的...
We solve the problem of an insurer who decides to optimally allocate a proportion (1—a(t)) of premiums to a re-insurance company (thereby retaining a proportion a(t) of premiums) and who also has to optimally pay dividends c(t) at any time t to shareholders. If the insurer's ...
"What Do Firms Do when Dividend Tax Rates Change? An Examination of Alternative Payout Responses." Journal of Financial Economics 114 (1), 105-124.Hanlon, M., & Hoopes, J. 2013. What do firms do when dividend tax rates change? An examination of alternative payout responses. Journal of ...
What do firms do when dividend tax rates change? An examination of alternative payout responses. Journal of Financial Economics 114 (1): 105-124.Hanlon, Michelle and Jeffrey L Hoopes, "What do firms do when dividend tax rates change? An examination of alternative payout responses," Journal ...