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As people become more aware of the catastrophic risk of carbon emissions, investors demand compensation for their exposure to carbon emission risk. However, it is unclear how a firm's carbon emissions affect its dividend policy to cater to shareholders and its implications for other stakeholders. Using publicly listed A‐share companies in China, we find that carbon emissions positively affect firms' cash dividends. The positive effect is more pronounced for firms with higher growth, better performance and those in heavily polluting industries. Furthermore, the cash dividends induced by carbon emissions benefit all stakeholders by reducing agency costs and promoting green innovations. [ABSTRACT FROM AUTHOR]

This study aims to explain the stock prices behavior around the announcement date of cash dividends. The study compares the stock prices a week before the cumulative date, cumulative date, record date, a week after the record date, and two weeks after the record date. The stock prices are also compared to the cash dividends nominals in 2017 and cash dividends in 2018. The researcher obtains the research data from LQ45 companies in 2018. The data is tested using the Wilcoxon Signed-Ranks Test. The results show that the date of announcement and recording of dividends do not have an impact on the increase in stock prices, but the result shows a decline in stock prices. The results of this study imply that the announcement of cash dividends does not trigger stock buying action around the announcement date for the companies who distribute cash dividends.

Aside from the fact that no legislation requires, as we believe, that management has a distinct fiduciary commitment to shareholders, no act prioritizes the shareholder. The management's fiduciary duty is solely to the corporation. Investors, on the other hand, have a votive claim to the corporation's residual value once all other obligations have been met. The aim of this survey was to empirically investigate the dividend preference of shareholders in the Nigerian capital market with specific reference to listed manufacturing firms in Nigeria. The study used the design of an investigation using questionnaires and interviews. The target population was 500 shareholders selected based on stratified random sampling out of 682,100 shareholders that is 0.07 percent of the total population. The snowball sampling technique was used to recruit potential respondents from among the shareholders' acquaintances. The study used a final sample size of 300 respondents from the shareholders. The validity and reliability of the instrument were tested using factor analysis and a Cronbach's alpha coefficient of 0.72 was obtained. The mean ranking showed that shareholders do have significant dividend preferences which favor cash dividends and support a bird in the hand is worth two in the bush explanation. Given that in practice, shareholders prefer companies with stable and predictable dividend payments, this study could be used to correct and predict the direction of a company's dividend payments and that the stability of dividend payments change over time. [ABSTRACT FROM AUTHOR]

Using a sample of listed companies from the Chinese stock market between 2003 and 2017, this article investigates the effect of corporate diversification on cash dividend payments and the exacerbating effects of the ultimate controller. Our results show that diversification reduces cash dividend payments and that a state-owned controller exacerbates such adverse effects; this exacerbating role is especially significant in cases of greater government intervention and greater political mobility pressure on executives who seek political advancement. Further study also shows that an increased marketization process (MP) and government quality (GQ) mitigate the negative impact of diversification on dividend payments, and that the mitigating effects of MP and GQ are particularly prominent in state-owned enterprises. [ABSTRACT FROM AUTHOR]

The paper examines the factors influencing dividend payout decisions. Our analysis is based on unbalanced panel data with 799 observations of companies from 15 countries over a period of 14 years. The study develops eight research hypotheses and uses a modelling approach based on the random effects panel probit model. An important conclusion reached in our study is that a company's financial situation in preceding year influences the dividend payout decision. In addition, the key significant determinants of dividend payout decision in the period covered by our study include free cash flow, growth, liquidity, profitability and size. These important research results are confirmed by other studies in the field. They are therefore essential for determining dividend policies. Individual effects across investigated enterprises also played an important role in the dividend policy. [ABSTRACT FROM AUTHOR]

Purpose: The purpose of this article is to examine the sectorwise dividend payment of all the listed companies in the Dhaka Stock Exchange (DSE). This paper also indicates the highest and lowest percentage of dividend paid by companies in each sector, as well as illustrates the reason for distributing such amount of dividend. Design/methodology/approach: The empirical analysis was done by using the last fifteen years (i.e., 2004-2018) of dividend payment by all listed firms in DSE. Data was collected from the secondary sources to perform the analysis. On collected data, average dividend amount was calculated for each listed company by adding the percentage of cash and stock dividend paid by those companies. Trend analysis was performed on the average dividend to see which company among all listed companies is distributing a high or low percentage of dividend to their shareholders' over the years. Findings: The results from this article show that companies in the declining industry fail to meet their shareholders' expectations in terms of dividend payment. On the other hand, companies in booming industries are consistently disbursing dividend for their shareholders'. Besides, companies are in the growth stage, and the multinational companies are distributing a considerable percentage of dividend. Practical implications: The results of this article will be helpful for the fund managers', investment analysts' and investors' who makes decisions to invest in the capital market because the paper presented the historical average dividend payment by listed companies. Originality/value: This article presents the average dividend payment by companies listed in stock exchange in an emerging economy, also finds out sector-wise dividend payment and suggests some remedial for companies. [ABSTRACT FROM AUTHOR]

Accurately calculated historical returns are critical inputs for investment decisions. We document that data vendors adjustments to historical prices for dividends and stock splits result in inaccurate estimations of historical returns. We demonstrate several techniques that can be used to correct the error and estimate the true returns. Our findings pose a challenge for the finance literature that derives conclusions based on the historical returns naively calculated using the adjusted closing prices provided by the data vendors'. [ABSTRACT FROM AUTHOR]

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This study aimed to determine the Return On Asset (ROA), Cash Dividend, and the effect of Return on Assets (ROA) and Cash Dividend on Stock Price. According to this study, Return On Asset (ROA) effect to positive stock price +1.887 and significant with probability of 0.0032 < 0.05. Cash Dividend showed that the effect to the low negative stock prices -0.067, but not significant with probability of 0.7120 > 0.05. The results showed that there was no deviation assumption of normality. It means that the available data were qualified to use the multiple linear regression models. The results of analysis showed that data of ROA and cash dividend simultaneous have a significant influence on stock price. However, the prospective investors who will invest should understand the analysis of the stock such as fundamental and technical so that can provide significant benefits and avoid greater risks.

Decision making with regard to the dividend is an important topic because this is influenced by various factors such as economic factors. One of the economic factorsis the company's life cycle. According to the life-cycle theory, companies in different stages of the life cycle show specific behaviors financially and economically. It means that institutions and companies follow specific policy according to stage of their economic life. Thus, the present study investigates the relationship between cash dividends paid and investment at the company's life cycle in listed companies in Tehran Stock Exchange. Accordingly, the research hypotheses were tested using the mix data regression in Tehran stock exchange with regard to the related data from 2003 to 2012. Among all attended companies, 680 companies were selected as the statistical sample. The findings show that there is a significant direct relationship between the cash dividend and investment,but this relationship differs in various stages of the company's life cycle.

The aim of this study is to examine the impact of dividend payments on the value of firms listed on the Qatar Stock Exchange As well as we tried Define which forms of dividends policy are most influential on the firms value, Therefore It relied on a sample of 26 enterprises listed in Qatar stock exchange set in several sectors with the exception of the financial sector within the period lasting between 2013-2016, through the multiple and simple linear regression for the making of the tests, The findings show a relationship between dividend policy and the value of firms, its show also that the cash dividend considered as one of the most common forms having impact on the company's market value. This supports the theory of the appropriateness of dividends. [ABSTRACT FROM AUTHOR]

This paper investigates the announcement effect of cash dividend changes on share prices listed on the Dhaka Stock Exchange (DSE). Standard event study methodology is used to investigate the effect of an event window of 3 to 3 days relative to dividend announcement date. Cumulative abnormal returns (CAR) have also been measured for a 41-day window around announcement date. This study finds that shareholders earn only normal return on the announcement of dividend increases and no changes. However, a significant positive abnormal return (AR) is observed in the preannouncement period for a dividend increase which indicates some kind of information leakage before the announcement is actually made. The announcement of dividend decrease results in a significant negative AR on the announcement day and persists even 20 days after the announcement. Significant ARs following dividend decrease announcement reveal DSE is not a semi-strong form of efficient market. [ABSTRACT FROM AUTHOR]