Interim dividend cuts and omissions in the UK

Balasingham Balachandran; John Cadle; Michael Francis Theobald

doi:10.1111/j.1468-036X.1996.tb00027.x

Interim dividend cuts and omissions in the UK

Balasingham Balachandran, John Cadle, Michael Francis Theobald

Research output: Contribution to journal › Article › Research › peer-review

7 Citations (Scopus)

Abstract

UK firms that cut or omit interim dividends during the period 1986–1993 are studied. Price reactions to cuts and omissions were found to be significantly negative and stronger for initial reductions. Future earnings variables were found to be predictable from interim dividend reductions. Gearing, company size and interim earnings change variables were found to have explanatory power for the decision to determine whether to cut or omit an interim dividend.

Original language	English
Pages (from-to)	23-38
Number of pages	16
Journal	European Financial Management
Volume	2
Issue number	1
DOIs	https://doi.org/10.1111/j.1468-036X.1996.tb00027.x
Publication status	Published - Mar 1996
Externally published	Yes

Keywords

G30
G35
Interim dividend reductions
UK earnings

Access to Document

10.1111/j.1468-036X.1996.tb00027.x

Cite this

@article{b286c1ce5f2043f087f4d48d5f5847b9,

title = "Interim dividend cuts and omissions in the UK",

abstract = "UK firms that cut or omit interim dividends during the period 1986–1993 are studied. Price reactions to cuts and omissions were found to be significantly negative and stronger for initial reductions. Future earnings variables were found to be predictable from interim dividend reductions. Gearing, company size and interim earnings change variables were found to have explanatory power for the decision to determine whether to cut or omit an interim dividend.",

keywords = "G30, G35, Interim dividend reductions, UK earnings",

author = "Balasingham Balachandran and John Cadle and Theobald, \{Michael Francis\}",

year = "1996",

month = mar,

doi = "10.1111/j.1468-036X.1996.tb00027.x",

language = "English",

volume = "2",

pages = "23--38",

journal = "European Financial Management",

issn = "1354-7798",

publisher = "Wiley-Blackwell",

number = "1",

}

TY - JOUR

T1 - Interim dividend cuts and omissions in the UK

AU - Balachandran, Balasingham

AU - Cadle, John

AU - Theobald, Michael Francis

PY - 1996/3

Y1 - 1996/3

N2 - UK firms that cut or omit interim dividends during the period 1986–1993 are studied. Price reactions to cuts and omissions were found to be significantly negative and stronger for initial reductions. Future earnings variables were found to be predictable from interim dividend reductions. Gearing, company size and interim earnings change variables were found to have explanatory power for the decision to determine whether to cut or omit an interim dividend.

AB - UK firms that cut or omit interim dividends during the period 1986–1993 are studied. Price reactions to cuts and omissions were found to be significantly negative and stronger for initial reductions. Future earnings variables were found to be predictable from interim dividend reductions. Gearing, company size and interim earnings change variables were found to have explanatory power for the decision to determine whether to cut or omit an interim dividend.

KW - G30

KW - G35

KW - Interim dividend reductions

KW - UK earnings

UR - https://www.scopus.com/pages/publications/0040004180

U2 - 10.1111/j.1468-036X.1996.tb00027.x

DO - 10.1111/j.1468-036X.1996.tb00027.x

M3 - Article

AN - SCOPUS:0040004180

SN - 1354-7798

VL - 2

SP - 23

EP - 38

JO - European Financial Management

JF - European Financial Management

IS - 1

ER -

Interim dividend cuts and omissions in the UK

Abstract

Keywords

Access to Document

Other files and links

Cite this