Examination of Stability in the Dividend Policy of TSE Listed Corporations

Document Type : Original Article

Author
Mehdi Gholipour Khanegah
Ph.D. in Finance, University of Tehran, Tehran, Iran
Abstract
This study presents some evidences about stability of dividend policy of TSE listed corporation. Using panel data regression models, we empirically analyzed dividend policy of these corporations. Based on results derived from analyzing 222 TSE listed corporations, amount of dividend in previous financial period had been one of significant determinants of current dividends and so these corporations have fallow stable dividend policies.
 
Keywords
Stability of dividend policies
Lintner Model
Panel data regressions
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