The policy of dividend variability of companies listed on the West African regional stock exchange: between predictability, retention and stability

Pourakin Djarius Dieudonné Bama

Global Business and Economics Review, 2022, vol. 27, issue 1, 72-95

Abstract: We will examine the dividend policy of companies listed on the West African regional stock exchange basing findings on a panel of 31 companies. Through a regression analysis, we find a mutual and significant influence of past dividends, prices, net earnings and returns on dividend variation. Furthermore, we show that dividend variation is stationary and predictable, as are the stock price, net income and stock return. This leads us to think that managers practise retention policy and dividend stability with an optimum distribution.

Keywords: dividends; predictability of dividends; dividend retention; dividend stability. (search for similar items in EconPapers)
Date: 2022
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.inderscience.com/link.php?id=124598 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ids:gbusec:v:27:y:2022:i:1:p:72-95

Access Statistics for this article

More articles in Global Business and Economics Review from Inderscience Enterprises Ltd
Bibliographic data for series maintained by Sarah Parker ().