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- Title
POLITYKA DYWIDENDOWA SPÓŁEK NOTOWANYCH NA GIEŁDZIE PAPIERÓW WARTOŚCIOWYCH W WARSZAWIE NA PRZYKŁADZIE SEKTORA HANDEL.
- Authors
Zyguła, Andrzej; Oleksy, Paweł
- Abstract
Companies which systematically share generated profit with shareholders perform a dividend payment according to a specific payout model. The aim of this article is to present possible model policies of dividend payments and, in particular, an attempt to evaluate dividend payout models applied in the trading sector companies listed on the Warsaw Stock Exchange. Analyses of dividend policies covered the years 2004-2014. In the first place, using the logit regression model, attempts were made to verify if conclusions of the hypothesis of the policy of stable dividend and hypothesis of the policy of residual dividend were true for the examined companies. Next, by applying dividend per share and dividend payout ratios, the development of shaping of these relations in consecutive years was examined, which made it possible to identify models of dividend policy applied by individual companies.
- Publication
Research Papers of the Wroclaw University of Economics / Prace Naukowe Uniwersytetu Ekonomicznego we Wroclawiu, 2016, Issue 439, p405
- ISSN
1899-3192
- Publication type
Article
- DOI
10.15611/pn.2016.439.35