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dc.contributor.authorGorman, Larry R.; Weigand, Robert A.; Zwirlein, Thomas J.en_US
dc.dateJuly 2005en_US
dc.date.accessioned2014-11-14en_US
dc.date.accessioned2018-11-02T14:38:04Z
dc.date.available2014-11-14en_US
dc.date.available2018-11-02T14:38:04Z
dc.identifier.otherSchool of Business Working Paper Series; No. 45en_US
dc.identifier.urihttps://wuir.washburn.edu/handle/10425/170
dc.description.abstractWe investigate the empirical characteristics of firms resuming cash dividends to determine if dividend resumption is most like dividend initiation, a large dividend increase, or a completely unique event. Firms that resume dividends earn considerably larger returns than firms initiating or increasing dividends, both before and after the announcement. Dividend-resuming firms exhibit changes in profits similar to firms increasing dividends, but the risk change following dividend resumption is more like that reported by studies of dividend initiation. These findings are unaffected by the length of time it takes firms to resume paying cash dividends, or whether the firm also declares a stock split and/or stock dividend during the period surrounding the resumption announcement. We conclude that dividend resumption is sufficiently unlike other dividend events to be regarded and studied as its own unique event.en_US
dc.format.mediumPDFen_US
dc.language.isoEngen_US
dc.publisherWashburn University, School of Businessen_US
dc.subjectDividendsen_US
dc.subjectProfitsen_US
dc.subjectRisken_US
dc.subjectEarningsen_US
dc.titleInformation Content of Dividend Resumptionsen_US
dc.typeWorking paperen_US
washburn.identifier.cdm107en_US
washburn.identifier.oclc61524782en_US
washburn.source.locationen_US


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