ANALYZING FACTORS OF DIVIDEND POLICY ILLUSTRATED BY COMPANIES OF NASDAQ 100 INDEX

Abstract

From the point of view of getting profits dividend policy is an important factor for investors. It is analyzed regularly, however it is mainly fragmented and does not show changed taking place. As for companies of technological sector earlier theoretical provisions concerning dividend policy need certain corrections. The article provides an empirical testing (based on regressive analysis) of the link between the level of company maturity and the size o dividends paid by it, which is one of the key provisions of G. & L. DeAngelo theory. It is pointed out that these conclusions did not prove the idea of using indexes identified by G. & L. DeAngelo to explain dividend policy. The authors put forward a new model of analysis of factors, the main of them is the indicator of the company net profit for the year previous to the year of paying dividends.

Keywords

• dividend policy
• practice of dividend payments
• theory of life cycle
• theory of dividend payments
• regressive analysis