Search Results for: Dividend Smoothing And Predictability

The relative predictability of returns and dividends is a central issue since it forms the paradigm to interpret asset price variation. A little studied questio

We re-examine dividend growth and return predictability evidence using 165 years of data from the Brussels Stock Exchange. The conventional wisdom holds that ti

One of the main theoretical implications of the present value approach on firm valuation is the hypothesis that dividend yield has a predictive power on future

A disconcerting, albeit generally accepted, finding is that aggregate stock return is predictable by dividend yield but dividend growth is unpredictable. I show

This paper studies dividend growth predictability without restricting conditioning information set to dividend yield alone. We highlight that predictability cru