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Dividend Timing and Global Dividend Premium

alphaarchitect

1 month ago

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Asset pricing research often focuses on risk, valuation, and macroeconomic forces. But this paper highlights another surprisingly powerful driver of returns: the timing of dividend payments. Across 44 international equity markets, the authors uncover a large and persistent “dividend premium.” Dividend-paying stocks outperform non-payers by a meaningful margin, even after controlling for traditional global and regional risk factors.

Dividend Timing and Global Dividend Premium

Allaudeen Ham...

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