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Distribution of incomes of corporations among dividends, retained earnings and taxes

J Lintner
- Vol. 46, Iss: 2, pp 97-113
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TLDR
Lintner as discussed by the authors discusses the distribution of income of corporations among dividends, retained earnings, and taxes in the context of the Sixtyeighth Annual Meeting of the American Economic Association.
Abstract
Distribution of Incomes of Corporations Among Dividens, Retained Earnings, and Taxes Author(s): John Lintner Source: The American Economic Review, Vol. 46, No. 2, Papers and Proceedings of the Sixtyeighth Annual Meeting of the American Economic Association, (May, 1956), pp. 97-113 Published by: American Economic Association Stable URL: http://www.jstor.org/stable/1910664 Accessed: 26/06/2008 14:06

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Dividend Policy and the Earned/Contributed Capital Mix: A Test of the Lifecycle Theory

TL;DR: In this paper, the authors show that the fraction of publicly traded industrial firms that pay dividends is high when retained earnings are a large portion of total equity (and of total assets) and falls to near zero when most equity is contributed rather than earned.
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Quarterly Dividend and Earnings Announcements and Stockholders' Returns: An Empirical Analysis

Joseph Aharony, +1 more
- 01 Mar 1980 - 
TL;DR: In this article, the authors evaluate the information content of dividend announcements and find that the majority of the information conveyed by dividend announcements is not useful to capital market participants, since the timing of the dividend announcements often coincides with the corresponding earnings numbers.
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Dividend policy and the earned/contributed capital mix: a test of the life-cycle theory

TL;DR: In this paper, the authors observed a highly significant relation between the decision to pay dividends and the earned/contributed capital mix, controlling for profitability, growth, firm size, total equity, cash balances, and dividend history, a relation that also holds for dividend initiations and omissions.
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Are Dividend Changes a Sign of Firm Maturity

TL;DR: The authors found that firms that increase (decrease) dividends experience a significant decline in their systematic risk, while firms that do not increase their capital expenditure experience a decline in profitability.
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Dividends, Share Repurchases, and the Substitution Hypothesis

TL;DR: In this article, the authors show that repurchases have become an important form of payout for U.S. corporations and that firms finance their share repurchase with funds that otherwise would have been used to increase dividends.
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