Dividend Policy of State Treasury Shareholding Companies

Agata Sierpińska-Sawicz

Abstract

This article tries to evaluate dividend policies of state shareholding stock exchange listed companies and determine whether dividend payments are higher than in other companies as pertaining to a budget hole. State Treasury holds shares in 16 stock exchange listed companies with stock exceeding 50% in six of them. Dividend policy evaluation was performed with the use of such indicators as dividend payout ratio, dividend per share and dividend yield which is a relation of dividend amount per share and its price. Average dividend rate on GPW regulated market in Warsaw in 2012 was 3,9% and in some State Treasury companies these rates were much higher.
Author Agata Sierpińska-Sawicz (WZ / KCAFiW)
Agata Sierpińska-Sawicz,,
- KCAFiW
Journal seriesJournal of Economics and Management, ISSN 1732-1948, (B 12 pkt)
Issue year2014
No18
Pages225-241
Publication size in sheets0.8
Keywords in Englishdividend payments level, dividend policy models
URL https://www.ue.katowice.pl/fileadmin/_migrated/content_uploads/15_Sierpinska-Sawicz_Dividend_Policy_of_State....pdf
Languageen angielski
Score (nominal)12
Score sourcejournalList
ScoreMinisterial score = 8.0, 12-12-2019, ArticleFromJournal
Ministerial score (2013-2016) = 12.0, 12-12-2019, ArticleFromJournal
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