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- W3123603669 abstract "This paper examines the relationship between returns and dividend yield in the UK stock market, and introduces earnings-related data to the asset pricing model in the form of payout ratio. The latter has a considerable effect upon the inferences which would otherwise be drawn from a study of the dividend yield-returns relationship in the absence of such earnings information. Payout ratio conveys additional signalling information and is an important adjunct to dividend yield in explaining returns." @default.
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- W3123603669 date "2004-11-29" @default.
- W3123603669 modified "2023-09-26" @default.
- W3123603669 title "The Role of Payout Ratio in the Relationship between Stock Returns and Dividend Yield" @default.
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