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Company Dividend Policy Models: Neutral Approach

Author

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  • Sergey Krylov

    (Academic Department of Accounting, Analysis and Audit, Ural Federal University, Yekaterinburg, Russian Federation)

Abstract

The article treats a concept of the formalized modeling of the dividend policy scores and company marketing performance scores derived (stock market position) within neutral dividend policy implementation approach conditions as an instrument of the scores analysis and forecasting. The methodology of the research consists of the Dividend Irrelevance theory, Dividend Policy Significance theory and sustainable company development concept. It has been stated that a formalized approach of the dividend policy implementation presumes a construction of the basic relevant scores models characterizing the company dividend policy and its marketing performance as Dividend Payout, Dividend Cover, expected Share Price, Dividend Yield, Price / Earnings Ratio (common stock price/earnings ratio). The formalized models of the scores mentioned are applicable for a forecast-analytical scores evaluation and their variances as well by estimating an impact of the models defining factors exercised by the appropriate factoring analysis method within the neutral dividend policy implementation approach conditions. The conclusion is drawn, that the formalized models of the dividend policy scores and company marketing performance scores derived, having been developed, are an effective instrument for their forecasting and analysis so that proactive decisions to manage the company dividend policy implementation within neutral approach conditions are ensured.

Suggested Citation

  • Sergey Krylov, 2020. "Company Dividend Policy Models: Neutral Approach," New Challenges in Accounting and Finance, EUROKD, vol. 3, pages 40-52.
    • Handle: RePEc:bco:ncafaa::v:3:y:2020:p:40-52
    DOI: 10.32038/NCAF.2020.03.04
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    References listed on IDEAS

    as
    1. M. J. Gordon, 1963. "Optimal Investment And Financing Policy," Journal of Finance, American Finance Association, vol. 18(2), pages 264-272, May.
    2. James E. Walter, 1956. "Dividend Policies And Common Stock Prices," Journal of Finance, American Finance Association, vol. 11(1), pages 29-41, March.
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