Factors of formation of dividend payment strategies

Polina Shukina ()
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Polina Shukina: Department of Economics, Lomonosov Moscow State University

No 43, Working Papers from Moscow State University, Faculty of Economics

Abstract: In the context of increasing competition for capital in the market, it becomes important to increase the investment attractiveness of the company. One of the ways to increase the attractiveness of the company are dividend payments. As part of this work, the factors of dividend payments are identified and systematized, the impact of dividend payments on the yield of shares of the relevant company is shown, and dividend payment strategies in the form of Lintner's target dividend model are studied. To identify correlation relationships, the tools of econometric regression models and machine learning were used. As a result, it turned out that the factor of dividend payments is statistically significantly correlated with the profitability of the company's shares, and the stage of the company's life cycle is a statistically significant factor in influencing dividend payments.

Keywords: dividend policy; life cycle stage; stock returns; target dividend. (search for similar items in EconPapers)
JEL-codes: G11 G31 G32 (search for similar items in EconPapers)
Pages: 51 pages
Date: 2022-11
New Economics Papers: this item is included in nep-big, nep-cfn and nep-mac
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