Dividend policy revisited : a Singapore perspective.
This paper aims to find the relationship between dividends and the market price of a company's share in the Singapore context. Our main concern is to provide justifications for companies in a full imputation tax environment to adopt a liberal dividend policy so as to maximize the market value o...
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| Main Authors: | , , |
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| Other Authors: | |
| Format: | Final Year Project |
| Published: |
2008
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| Subjects: | |
| Online Access: | http://hdl.handle.net/10356/11142 |
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| Institution: | Nanyang Technological University |
| Summary: | This paper aims to find the relationship between dividends and the market price of a company's share in the Singapore context. Our main concern is to provide justifications for companies in a full imputation tax environment to adopt a liberal dividend policy so as to maximize the market value of their shares. Our analysis involved price-earnings ratio as a proxy for share value, dividend payout ratio and dividend yield of all dividends paying stock (this ranges from 173 in 1989 to 394 in 1998) for the 10-year period from1989-1998. |
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