Can we predict dividend cuts?

Onali, Enrico

Abstract

I examine the predictability of dividend cuts based on the time interval between dividend announcement dates using a large dataset of US firms from 1971 to 2014. The longer the time interval between dividend announcements, the larger the probability of a cut in the dividend per share, consistent with the view that firms delay the release of bad news.

Citation

Onali, E. (2016). Can we predict dividend cuts?. Economics Letters, 146, https://doi.org/10.1016/j.econlet.2016.07.026

• Journal Article Type: Article
• Acceptance Date: Jul 15, 2016
• Online Publication Date: Jul 22, 2016
• Publication Date: Sep 1, 2016
• Deposit Date: Jun 19, 2018
• Publicly Available Date: Jun 19, 2018
• Journal: Economics Letters
• Print ISSN: 0165-1765
• Electronic ISSN: 0165-1765
• Publisher: Elsevier
• Peer Reviewed: Peer Reviewed
• Volume: 146
• DOI: https://doi.org/10.1016/j.econlet.2016.07.026
• Keywords: Dividend policy; Dividend dates; Signalling theory; Asymmetric information; US capital market
• Public URL: https://nottingham-repository.worktribe.com/output/975235
• Publisher URL: https://www.sciencedirect.com/science/article/pii/S016517651630266X