Hard Times or Great Expectations?: Dividend omissions and dividend cuts by UK firms

Quarterly Bulletin 2002 Q1
Published on 01 March 2002

By Andrew Benito and Garry Young

The payment of dividends is one of the key unresolved puzzles of company financial behaviour. The importance of understanding dividends also partly stems from their significance as a form of balance sheet adjustment. But relatively little is known about the determinants of a company's propensity to omit or cut its dividend in a particular year. The analysis presented in this paper, which addresses such issues, can also be interpreted in the wider sense of examining how firms respond to financial pressure.

PDFHard Times or Great Expectations?: Dividend omissions and dividend cuts by UK firms

 


Other Quarterly Bulletin 2002 Q1 articles

Was this page useful?
Add your details...