The effects of tax rates and dividend payouts on common stock returns

Alltizer, Richarde L.; Hamill, James R.
June 1999
American Business Review;Jun99, Vol. 17 Issue 2, p24
Academic Journal
Studies the effects of tax rates and dividend payouts on common stock returns. Effects of the Tax Reform Act of 1986 changes to the relative taxation of dividends and capital gains on firms with high and low dividend yields; High-dividend yield firms outperforming low-yield firms due to the existence of tax clienteles; Negligible effects of the tax clientele on small firms.


Related Articles

  • DividendInvestor Overview.  // Morningstar DividendInvestor;May2008, Vol. 4 Issue 4, p4 

    The article discusses various reports published within the issue including the Dividend Builder Portfolio, the Dividend Harvest Portfolio, and the Dividend Drill model.

  • Income Bellwethers. Peters, Josh // Morningstar DividendInvestor;Feb2010, Vol. 6 Issue 1, p12 

    The article lists the business enterprises with high dividend-paying stocks, including Annaly Capital Management Inc., AvalonBay Communities Inc., and Buckeye Partners LP.

  • Small and mid-cap trust yield hits 6%.  // Fund Strategy;6/28/2010, p8 

    The article reports that open-ended investment company CF Chelverton UK Income fund has reduced losses from the financial crisis where trust's yield hit 6% after savage dividend cuts in 2009.

  • Stocks that pay dividends can provide yield, safety. Skarbeck, Ken // Indianapolis Business Journal;1/25/2010, Vol. 30 Issue 48, p28 

    The article discusses the advantages of stocks that pay dividends.

  • Dividend yields exceed those on bonds.  // Fund Strategy;6/7/2010, p8 

    The article reports that the equity dividend yields have exceeded the total number of bond yields for the third time in Europe which signals another market inflection point.

  • JSE.  // Finweek;10/11/2007, p82 

    A chart is presented depicting the dividend yield of several business enterprises as of October 2007 in South Africa.

  • Healthy bank yield forecasts.  // Money (Australia Edition);Jul2011, Issue 136, p75 

    The article presents statistics on the dividend yields of Australia's big four banks showing a nine percent return for the coming 12 to 18 months according to exchange traded funds index group Australian Index Investments (Aii) based on consensus analyst estimates for 2010-2012.

  • Returning dividends improve Aussie share appeal. Kennedy, Chris // Money Management;9/30/2010, Vol. 24 Issue 36, p12 

    The article reports on the improvement in Australian shares and the return of dividends to more normal levels after their increase.

  • Utilities And High Interest Rates.  // Canadian MoneySaver;Jul2015, Vol. 34, p9 

    The article offers information related to reasons for increasing utilities and high interest rates stocks such as rising rates crimp in corporate finances and less competition between dividend yields.

  • EARNINGS & DIVIDENDS.  // Indianapolis Business Journal;3/10/2008, Vol. 29 Issue 1, p26 

    A chart depicting the earnings of Hurco Cos. Inc. and the dividends declared by MainSource Financial Group is presented.


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics