As with much else in corporate finance, companies set dividend policy by looking at what the peer group is doing, paying high dividends when they are, even if they cannot afford them. In this session, I look at the peer group approach to dividend policy, with emphasis on how your peer group is formed and how to control for differences across companies.
Slides: http://www.stern.nyu.edu/~adamodar/pd…
Electron Capital Partners' flagship Electron Global Fund returned 5.1% in the first quarter of 2021, outperforming its benchmark, the MSCI World Utilities Index by 5.2%. Q1 2021 hedge fund letters, conferences and more According to a copy of the fund's first-quarter letter to investors, the average net exposure during the quarter was 43.0%. At the Read More
