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Individual investors perception of dividends: Pakistan’s percpective

Muhammad Akhtar, Ahmed Hunjra (), Arifa Andleeb and Babar Zaheer Butt

MPRA Paper from University Library of Munich, Germany

Abstract: This research paper argue that there exists a strong preference for dividends among investors. The main purpose is to find the factors that lead individual investors to reveal their preference for either cash or stock dividends. The most important dividend theories are employed to test the behavior of Pakistani individual investors towards dividends. The results reveal strong evidence that individual investors in Pakistan want dividends either in the form of cash or stocks. They also have a strong preference for dividend even if a company has to pay it by borrowing.

Keywords: cash dividend; stock dividend; dividend theories; behavioral finance; investor perception (search for similar items in EconPapers)
JEL-codes: E2 (search for similar items in EconPapers)
Date: 2011
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Published in ACTUAL PROBLEMS OF ECONOMIICS 4.2(2012): pp. 193-199

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