Work

Interim dividend cuts and omissions in the UK

Year: 1996

Type: article

Abstract: UK firms that cut or omit interim dividends during the period 1986–1993 are studied. Price reactions to cuts and omissions were found to be significantly negative and stronger for initial reductions. Future earnings variables were found to be predictable from interim dividend reductions. Gearing, company size and interim earnings change variables were found to have explanatory power for the decision to determine whether to cut or omit an interim dividend.

Source: European Financial Management

DOI: 10.1111/j.1468-036x.1996.tb00027.x

Authors: Balasingham Balachandran, John Cadle, Michael Theobald

Institution: University of Birmingham

Language: English

Topic: Corporate Finance and Governance

Subfield: Finance

Field: Economics, Econometrics and Finance

Domain: Social Sciences

Open Access status: green

OpenAlex ID: W2122644559

FWCI: 3.202

Cites: 28

Cited by: 15

Related to: 10