International Journal of Business‚ Economics and Law‚ Vol. 1 ISSN 2289-1552 2012 DETERMINANTS OF DIVIDEND POLICY: THE CASE OF VIETNAM Nguyen Thi Xuan Trang Accounting Department Da Nang University of Economics 71 Ngu Hanh Son Street‚ Ngu Hanh Son District‚ Da Nang City‚ Vietnam Email: trangatax@gmail.com ‚ Tel: (+84) 0 914 745 649 ABSTRACT There were several researchers who investigated dividend policy in developed countries like the USA (Chang and Rhee‚ 1990)‚ the UK (Al-Najjar and Hussainey
Premium Dividend Dividend yield Asset
Deal with rational for dividend according to MM Relevance theory‚ Walter’s Model‚ Gordon’s Growth Model‚ Graham Dodd Model Deal with rational for dividend according to MM Relevance theory‚ Walter’s Model‚ Gordon’s Growth Model‚ Graham Dodd Model Financial Management Assignment 2 Topic: Rational for Dividends By Group 2:- 104 | Anshul Jain 105 | Bhaskar Jain 106 | Pranav Jain 154 | Parth Barot 155 | Subhashish Baruah 156 | Chaitanya Agrawal Financial Management Assignment 2 Topic: Rational
Premium Dividend Stock market
Executive Summary Gainesboro Corporation was a company who designed and manufactured a number of machinery parts‚ including metal presses‚ dies‚ and molds. The company was found in 1923 in Concord‚ New Hampshire‚ by two mechanical engineers‚ James Gaines and David Scarboro. The two men had gone to school together and were disenchanted with their prospects as mechanics at a farm equipment manufacturer. In the 1940’s Gainesboro produced armored-vehicle and tank parts and miscellaneous equipment
Premium P/E ratio Stock Dividend
judgement assumes a dividend cut from FPL. However‚ this dividend cut would be a precise strategic choice rather than one dictated by financing difficulties. Specifically‚ the dividend cut will raise future growth‚ with little effect on the stock price. By cutting dividends‚ FPL can react better to future threats. After an initial panic selling triggered by the news shock (FPL never cut its dividend in the past 47 years)‚ investors will process the new information realized that the dividend cut is balanced
Premium Management Marketing Education
Dividend policy is concerned with financial policies regarding paying cash dividend in the present or paying an increased dividend at a later stage. Whether to issue dividends‚ and what amount‚ is determined mainly on the basis of the company’s unappropriated profit (excess cash) and influenced by the company’s long-term earning power. When cash surplus exists and is not needed by the firm‚ then management is expected to pay out some or all of those surplus earnings in the form of cash dividends
Premium Dividend Finance Stock market
Abstract v Key Terms ix CHAPTER-1 Introduction 1.1 Introduction to Dividends 1 1.2 A Short History of Dividend Policy 6 1.3 Dividend Policy 9 1.4 Economic Rationale to Dividends 12 1.5 Dividend Policy and its Linkages with other Financial Policies 15 1.6 Pure Vs Smoothed Residual Dividend Policy 16 1.7 Dividend Declaration Process 17 1.8 Alternative Forms of Dividends 18 1.8.1 Stock Repurchases or Share buy Backs 19 1.8.2 Bonus Shares
Premium Dividend Linear regression Regression analysis
DATA: Database Dividend payment pattern of all IT companies that are listed for trading on one of the two major exchanges namely National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) during the period 2004-2008 (I refer each year henceforth with the end year i.e.‚ for 2004-2005 to 2005) are employed for analysis. The data has been sourced from Prowess database of the Centre for Monitoring Indian Economy (CMIE). For the purpose of this study‚only final dividend and interim dividend. Unlike the
Premium Dividend yield P/E ratio Stock market
CHAPTER 17 Payout Policy Chapter Synopsis 17.1 Distributions to Shareholders A corporation’s payout policy determines if and when it will distribute cash to its shareholders by issuing a dividend or undertaking a stock repurchase. To issue a dividend‚ the firm’s board of directors must authorize the amount per share that will be paid on the declaration date. The firm pays the dividend to all shareholders of record on the record date. Because it takes three business days for shares to be registered
Premium Stock market Dividend Corporate finance
capitalization on the dividend rate. The study reveals that as per dividend irrelevance theory dividend policy has no influence on value of the firm for the reason of homemade dividend according to dividend relevance theory‚ value of the firm is influenced by dividend policy because of certainty‚ information content and clientele effect; liquidity‚ availability of worthwhile projects‚ availability of alternative funds‚ profitability‚ growth‚ leverage‚ reaction of market to dividend reduction‚ ownership
Premium Dividend Dividend yield Stock market
Gainesboro Machine Tools Corporation Teaching Note Synopsis and Objectives In mid September 2005‚ Ashley Swenson‚ the chief financial officer (CFO) of a large computer-aided design and computer-aided manufacturing (CAD/CAM) equipment manufacturer needed to decide whether to pay out dividends to the firm’s shareholders‚ or to repurchase stock. If Swenson chose to pay out dividends‚ she would have to also decide upon the magnitude of the payout. A subsidiary question is whether the firm should
Premium Stock market Stock Cash flow