Dividend Policy Revisited
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Authors
Weigand, Robert
Baker, H. Kent
Issue Date
2014-03-1
Type
Working paper
Language
en_US
Keywords
Dividend policy , Stock repurchasing , Cash dividends
Alternative Title
Abstract
This paper provides a review and synthesis of the literature and chronicles changing perspectives on corporate dividend policy. The importance of dividends as part of an investor's total return has declined over time while the role of share repurchases has increased. No consensus exists on a single explanation for paying dividends or repurchasing shares. Existing models and theories of dividend policy may be too simplistic, given that multiple factors determine firms; dividend decisions. A need exists to develop a new paradigm to deal with the dividend puzzle.
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Citation
Publisher
Washburn University. School of Business