Can we predict dividend cuts?

Enrico Onali

Research output: Contribution to journalArticlepeer-review


I examine the predictability of dividend cuts based on the time interval between dividend announcement dates using a large dataset of US firms from 1971 to 2014. The longer the time interval between dividend announcements, the larger the probability of a cut in the dividend per share, consistent with the view that firms delay the release of bad news.
Original languageEnglish
Pages (from-to)71-76
Number of pages6
JournalEconomics Letters
Early online date22 Jul 2016
Publication statusPublished - Sept 2016

Bibliographical note

© 2016, Elsevier. Licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International


  • dividend policy
  • dividend dates
  • signalling theory
  • asymmetric information
  • US capital market


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