Page 39 - James

theory,” Journal of Financial Economics, 81 (2), 227-254.

12. DeAngelo, H., DeAngelo, L., & Skinner, D. J. (2009), “Corporate

payout policy,” Foundations and Trends® in Finance, 3 (2–3),

95-287.

13. Domian, D. L., Louton, D. A., & Mossman, C. E. (1998), “The rise

and fall of the “Dogs of the Dow”,” Financial Services Review, 7 (3),

145-159.

14. Fama, E. F., & French, K. R. (1988), “Dividend yields and expected

stock returns,” Journal of Financial Economics, 22 (1), 3-25.

15. Fama, E. F., & French, K. R. (1993), “Common risk factors in the

returns on stocks and bonds,” Journal of Financial Economics, 33 (1),

3-56.

16. Filbeck, G., & Visscher, S. (1997), “Dividend yield strategies in the

British stock market,” The European Journal of Finance, 3 (4),

277-289.

17. Gordon, M. J. (1959), “Dividends, earnings, and stock prices,” The

Review of Economics and Statistics, 99-105.

18. Kumari, V., Kumar, S., Pandey, D. K., & Gupta, P. (2024), “Dividend

announcements and stock returns: A retrospective

analysis,” Qualitative Research in Financial Markets, 16 (4), 709-740.

19. Lintner, J. (1956), “Distribution of incomes of corporations among

dividends, retained earnings, and taxes,” The American Economic

Review, 46 (2), 97-113.

20. Miller, M. H., & Modigliani, F (1961), “Dividend policy, growth, and

the valuation of shares,” The Journal of Business, 34 (4), 411-433.

21. Markowitz, H. (1952), “Portfolio selection,” The Journal of Finance,

7 (1), 77–91.

36