the following days. This dividend pay date effect has strengthened since the 1970s, and is consistent with the temporary … price pressure hypothesis. The pay date effect is concentrated among stocks with dividend reinvestment plans (DRIPs), and is … larger for stocks with a higher dividend yield, greater DRIP participation, and greater limits to arbitrage. Over time …

In the classical optimal dividends problem, dividend decisions are allowed to be made at any point in time - according … to a continuous strategy. Depending on the surplus process that is considered and whether dividend payouts are bounded or … combination of parameters a pure continuous, pure periodic or hybrid (including both continuous and periodic dividend payments …

A classic result by Merton (1973) is that, except just before expiration or dividend payments, one should never …

periodically in real life, we study periodic dividend strategies whereby dividend decisions are made according to a Poisson arrival … process. In this paper, we investigate the impact of fixed transaction costs on the optimal periodic dividend strategy, and … that bring the surplus back to b _l as long as it is no less than b _u at a dividend decision time …

We analyze the optimal dividend payment problem in the dual model under constant transaction costs. We show, for a …

We consider the optimal bail-out dividend problem with fixed transaction cost for a Lévy risk model with a constraint … on the expected present value of injected capital. To solve this problem, we first consider the optimal bail-out dividend …