The Application of Multi-Factor Model in Analyzing Corporate Payout Ratio

Take Apple as an Example

DOI

10.2991/aebmr.k.220603.214How to use a DOI?

Keywords

multiple linear regression analysis; dividend payout ratio; Apple

Abstract

By taking Apple as an example, herein, multiple linear regression analysis of sample data was carried out to obtain the conclusions of the influencing factors of cash dividend policy of listed companies. The results show that the company’s short-term solvency has significant impact on the payout ratio. The current ratio, equity attributable to shareholders of the parent company/interest-bearing debt, EBITDA/ total operating income and net cash flow per share from operating activities (%) are negatively correlated with the dividend payout ratio. While quick ratio, total equity/debt attributable to shareholders of the parent company, interest multiple earned (EBIT/ interest expense), operating profit/total debt, the number of inventory turnover days and return on equity (annualized) are positively correlated with the dividend payout ratio.

Copyright

© 2022 The Authors. Published by Atlantis Press International B.V.

Open Access

This is an open access article distributed under the CC BY-NC 4.0 license.

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TY  - CONF
AU  - Yiyu Xia
PY  - 2022
DA  - 2022/07/01
TI  - The Application of Multi-Factor Model in Analyzing Corporate Payout Ratio
BT  - Proceedings of the 2022 2nd International Conference on Enterprise Management and Economic Development (ICEMED 2022)
PB  - Atlantis Press
SP  - 1325
EP  - 1330
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.220603.214
DO  - 10.2991/aebmr.k.220603.214
ID  - Xia2022
ER  -