Asymmetric price reactions to dividend announcements: Always irrational?
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DOI: 10.1016/j.econlet.2019.108713
Abstract: We demonstrate analytically that markets tend to react stronger to announcements of dividend cuts vs. increases when dividend payout costs are relatively low. This asymmetry prevails when investors are entirely rational, in contrast to Baker’s… read more here.
Keywords: asymmetric price; dividend announcements; reactions dividend; price reactions ... See more keywords
New evidence on stock market reaction to dividend announcements in India
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DOI: 10.1016/j.ribaf.2016.09.009
Abstract: We revisit the information content of dividend announcements in India from 2012 to 2014 in a unique market setting which involves the introduction of Company’s Act 2013. We find that announcement of increase in dividend… read more here.
Keywords: new evidence; dividend announcements; market; dividend ... See more keywords
When no news is good news: failing to increase dividends
Sign Up to like & getrecommendations! Published in 2021 at "International Journal of Managerial Finance"
DOI: 10.1108/ijmf-10-2019-0387
Abstract: PurposeThe study's purpose is to examine market returns around dividend announcements that contrast with a pattern of prior dividend announcements.Design/methodology/approachThe paper identifies firms that have a smooth dividend pattern of once-a-year dividend increases but at… read more here.
Keywords: failing increase; dividend; news; dividend announcements ... See more keywords