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References (3)
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(2019)
Information for Subscribers Journal of Applied Corporate Finance is published in four issues per year. Institutional subscription prices for 2019 are: Print & Online: US$803 (US)
- Publisher
- Wiley
- Copyright
- Copyright © 2019 Cantillon and Mann
- ISSN
- 1078-1196
- eISSN
- 1745-6622
- DOI
- 10.1111/jacf.12381
- Publisher site
- See Article on Publisher Site
Abstract
The fact that many companies have a long track record of consistent dividend increases suggests that managers believe there is some benefit to establishing and maintaining such a pattern. Many companies, for example, follow a perennial policy of increasing the dividend in a particular quarter, maintaining it at the same level for the next three quarters, and then increasing it in the same quarter of the following year. But does the capital market reward companies for maintaining a consistent dividend policy? Do companies with a history of repeated dividend increases earn long‐term positive abnormal returns; and if so, how long do the returns persist?
Journal
Journal of Applied Corporate Finance – Wiley
Published: Dec 1, 2019