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Author:DeAngelo, H.
DeAngelo, L.
Skinner, D. J.
Title:Are dividends disappearing? Dividend concentration and the consolidation of earnings
Journal:Journal of Financial Economics
2004 : JUN, VOL. 72:3, p. 425-456
Index terms:Corporate finance
Dividend policy
Dividends
Earnings
Freeterms:Dividend concentration
Consolidation of earnings
Language:eng
Abstract:This article examines why aggregate real dividends paid by industrial companies increased in the past two decades even though the number of dividend payers decreased by over 50%. This reflects high and increasing concentration in the supply of dividends, which in return reflects high and increasing earnings concentration.
SCIMA record nr: 257105
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