|
(2007, 2000 words)
The following research paper provides an overview of empirical literature on the company dividend policies in the USA. The analysis attempts to identify key trends in the company's dividend policies and it proceeds with a discussion of the factors that might explain recent changes in the dividend payouts. The conclusion summarizes findings and provides outlook for investment decisions.
(2007, 2000 words)
The following research paper is devoted to analysis of the BP plc and Logica plc dividend policies. The first part of the research discusses the influence of the dividends payout on the company stock price in light of the finance theory. Particular focus is given to evaluation of management policies. The second part proceeds with empirical analysis of the dividend policies and application of financial theory. The research paper has a small review of the developed skills.
(2006, 2500 words)
Dividend Policy of Cadbury Schweppes: Dividend refers to the part of a company’s after tax earnings which are distributed to shareholders. There are several ways to classify dividends. First, dividends can be paid in cash or as additional stock. Stock dividends increase number of shares outstanding and generally reduce the price per share.
(2006, 904 words)
The paper examines the factors that influence a company’s decision to pay dividends to the shareholders discussing the mechanics of the dividend policy, the issue of debt repayment, Modigliani and Miller’ theory of a perfect capital market, etc.
(2006, 2100 words)
This critical literature review analyses different sources on the topic of the dividend policy in firms. The paper defines the terms ‘dividends and ‘dividend policy as well as identifies various kinds of dividends according to different authors. The author goes on by revealing why a dividend policy is always a hotly debated issues in public companies; the reason is that it is not necessarily clear if a firm should pay dividends at all and if so, when and in what amount. Different factors and contingencies conditioning dividend pay-out patterns are analysed in the paper with the help of evidence from various scholars. Finally, the paper examines three main dividend policy theories as identified by academics and looks at weak and strong points of each of them. The review is written in a critical and analytical manner to compare and contrast various authors views on the topic. Both monographs and academic journals are used for the purpose of this paper.
(2005, 3000 words)
The paper examines the problems of dividend payment reviewing the theory of dividend policy, and analysing the reasons behind the increasing number of dividend paying companies. Recent trends and developments in dividend payout are discussed arguing if dividend increase is beneficial for shareholders.
(2005, 7500 words)
The paper thoroughly examines the balanced scorecard model developed by Kaplan and Norton in the early 1990s. The balanced scorecard has become hugely popular and has been adopted by thousands of commercial and non-profit organisations throughout the world. The scorecard introduces the idea of multi-dimensional performance measurement and management as opposed to purely financial measures. It thus introduces four categories along which a company should measure its progress: financial; customer; internal processes; and learning and growth. According to Kaplan and Norton, there is a strong cause-and-effect relationship between the perspectives, which ultimately leads to superior financial results. The paper looks in detail at the scorecard perspectives, their content and logic; the cause-and-effect rationale; as well as the whole process of the balanced scorecard development, alignment, and cascading. Where appropriate, critical remarks are made about the validity of certain assumptions behind the model.
(2005, 2500 words)
This paper examines the role dividends and repurchases play in the ensuring the efficient allocation of capital in a market economy. A detailed set of arguments for and against repurchases from the perspective of the investor, firm, and managers within the firm, are supplied.
(2003, 3000 words)
The paper discusses the controversial issues of dividend policy reviewing the theories related to the subject and analysing the current situation on the international dividend market. The basic violations of the theoretical assumptions are discussed including the problem of asymmetric information, a resulting agency problem and the tax factor.
(2004, 2500 words)
The paper firstly explains and illustrates the Fisher Separation Theorem, and then it explains the implications of the Fisher separation theorem for dividend policy, and lastly the paper discusses the extend of the empirical evidence supports the dividend irrelevance hypothesis
(2004, 2000 words)
The report analyses the dividend policy of the Logica PLC and BP PLC over the last five years. Firstly, the dividend policy of BP PLC as well as Logica PLC over the last five years was analysed. Secondly, basing on that analysis, the dividend policies of both companies were compared. After that the Lintner's model on dividend policy was reviewed and it was identified how the dividend policy of both companies can be explained by this model. Moreover, the brief discussion of the skills developed during the project was done.
(2004, 1650 words)
The paper evaluates the disputes between "relevant" and "irrelevant" dividend theorists and briefly discusses which of the theories would be chosen by the paper's writer
(2004, 921 words)
The paper discusses which of two theories is more acceptable
(2004, 1900 words)
The paper explains and evaluates the criticism that M-M have often been accused of "over - elaborate theorising" in relation to their theories on Company valuation - no tax; Dividend irrelevance; Company valuation - with tax
(2004, 700 words)
Modigliani and Miller have also developed the dividend irrelevant theory. The paper critically evaluates this.
(2003, 2500 words)
This report aims to outline the precise factors which the
Directors should take into account when deciding the future
dividend policy. These include advantages and disadvantages
of retention of profit versus payment of dividend, and
financing
expansion through debt or equilibrium. It also recommends
future
level of dividend payments in relation to dividend cover
(2003, 2400 words)
The paper provides strong theoretical background on the relevance of the
different dividend policies with an example of company's valuation.
(2003, 1500 words)
This financial report analyses the Company's investors and hurdle rates, CAPM, capital structure, evaluates the stock price performance, and examines the dividend policy.
(2003, 2200 words)
From these plots, a point of difference may be emphasized again, namely that BP plc has both more volatile and generally higher payout ratio than Logica. The former feature stems from the more volatile earnings of BP in the period under considerations, whereas the latter I believe is driven industry difference factors. Therefore, it appears as if industry sector is relevant the dividend policy, thus narrowing discretion of the companys management through expectations on the part of investors. Also, earnings volatility determines the dividend policy to the extend that some of it is passed on to the investor in the form of volatile dividends. To summarize, the key conclusion emerging from the analysis above is that dividend policy is driven by objective to keep dividend levels and growth rates stable, by neutralizing the volatility of earnings effect on dividends through adjustment in payout ratio.
Page 2>
|
