Perceptions about dividend policy: A New Zealand survey

Abstract

The objective of this study was to survey and report the opinions of selected corporate finance managers responsible for dividend policy decisions in New Zealand companies which are dividend achievers. that is, companies with an unbroken record of increased dividends for the 5 year* period 1981 - 1985. Opinions were sought on the critical issues in dividend policy such as reasons for dividends, factors determining dividend policy, perceptions about dividend information content, and the effects of external events on dividends.