Dividend Payout Characteristics of U.K. Property Companies
- Topics:
- Property Analysis,
- Property Management
- Source:
- National University of Singapore
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Overview: This article employing panel data methodology, examines the dividend policy of property companies quoted on the Stock Exchange. Between 1986 and 1998, the quoted property sector paid out, on average, 44% of its net earnings as dividends. Similar to firms in other sectors, real estate corporations smooth their dividend payout to minimize the chance of having to reduce dividends in subsequent years. Property investment companies pay significantly higher dividends, compared to property trading companies.
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Format: PDF | Size: 88KB | Date: Jul 2001 | Pages: 10





