I investigate the link between dividend taxes and stock prices in a global setting. Based on findings from an open …-economy after-tax capital asset pricing model, I predict that when the U.S. cut its dividend tax rate in 2003, stock prices will … increase for high-dividend yield foreign firms that are eligible for a U.S. income tax treaty. I examine returns for firms …

We investigate the ex-dividend behaviour of TSX listed Canadian firms during a period when both U.S and Canadian … governments cut taxes on dividend income. We test whether the tax differential between dividends and capital gains affects the … stock price drop ratio on ex-dividend date. Using quarterly dividend date from 2002-2007, we also investigate the existence …

period induces a commitment of firms to future dividend payments. Since any deviation from such a commitment might be costly … to higher dividend volatility. Sticky wages in the General Equilibrium aim to provide firms with excess cash …

empirical practice of omitting dividend growth from the system amounts to imposing the extra restriction that dividend growth is … not persistent. We highlight that persistence in dividend growth induces a previously overlooked channel for return … predictability, which we label "dividend momentum." Compared to estimation based on ordinary least squares, our restricted …

the dividend smoothing, determinants of dividend payouts, and the market reaction to dividend announcements of the modern … REIT. We find the Lintner (1956) smoothing parameter suggests a high level of dividend smoothing in quarterly data and … industrial counterparts. Beyond the dividend paid last period and contemporaneous earnings, usual determinants of dividend …

We construct a price, dividend, and earnings series for the Industrials sector, the Utilities sector, and the Railroads …