On interpreting security returns during the ex-dividend period

In this paper we examine the ex-dividend day returns of several taxable and non-taxable distributions. The ex-dividend day returns for the taxable common stocks are consistent with the hypothesis that dividends are taxed more heavily than capital gains. However, the ex-dividend day returns of prefer...

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Veröffentlicht in:	Journal of financial economics 1984-03, Vol.13 (1), p.3-34
Hauptverfasser:	Eades, Kenneth M., Hess, Patrick J., Kim, E.Han
Format:	Artikel
Sprache:	eng
Schlagworte:	Capital gains Common stock Dividends Economic models Ex dividend Rates of return Securities trading Statistical analysis Stock prices Tax rates
Online-Zugang:	Volltext
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