DETERMINANTS OF DIVIDEND PAYOUT

Zane Swanson
V. Sivarama Krishnan
University of Central Oklahoma
ABSTRACT
This study uses a sample of dividend paying firms from the most recent 12-year period to
test a simple residual income model and attempts to determine the key features of dividend payout.
The results show moderate support for the model. A comparison of the period before and after the
2008 financial crisis indicates factor stability with minimal impact.