Important dimensions of dividend behavior are not well understood. How do dividends behave in extreme states of the … world? Why is the risk premium on dividend claims so high? Would dividend bans in crisis states have plausible effects on … apparent puzzle that near-maturity dividend futures have provided investors with “anomalously” high returns in the past years …

In this paper, we examine the changes in corporate dividend policies during the COVID-19 shock. For empirical analysis … analysis and Logit regression models, we find that firms were more likely to either omit or reduce dividend payments during the …, asset turnover and size were less likely to opt for dividend omissions. On the contrary, dividend omissions were more likely …