International evidence on the payout ratio, earnings, dividends and returns

Karina Suddason, Stephen Thomas, Owain ap Gwilym, James Seaton

Allbwn ymchwil: Cyfraniad at gyfnodolynErthygladolygiad gan gymheiriaid

27 Dyfyniadau(SciVal)

Crynodeb

Recent evidence for the U.S. market has shown that, contrary to popular wisdom, the greater the proportion of earnings paid out as dividends, the greater the subsequent real earnings growth. This study extends previous work by examining whether a similar relationship exists in 11 international markets and by considering the role the payout ratio plays in explaining future real dividend growth and returns. Higher payout ratios do indeed lead to higher real earnings growth—but not to higher real dividend growth. This information has limited use, however, for predicting future returns.
Iaith wreiddiolSaesneg
Tudalennau (o-i)36-53
Nifer y tudalennau18
CyfnodolynFinancial Analysts Journal
Cyfrol62
Rhif cyhoeddi1
Dynodwyr Gwrthrych Digidol (DOIs)
StatwsCyhoeddwyd - 2006

Ôl bys

Gweld gwybodaeth am bynciau ymchwil 'International evidence on the payout ratio, earnings, dividends and returns'. Gyda’i gilydd, maen nhw’n ffurfio ôl bys unigryw.

Dyfynnu hyn