Consider a company that currently pays a high dividend and has attracted clientele whose investment goal is to obtain stock with a high dividend payout. If the company decides to decrease its dividend, these investors will sell their stock and move to another company that pays a higher dividend. As a result, the company's share price will decline.
Investment dictionary. Academic. 2012.
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Clientele effect — represents the impact on the stock price that investors would cause in reaction to a change in policy of a company. Consequently, dividend policy won t effect the value of the stock as long as clientele exist, dividend policy is irrelevant.… … Wikipedia
Clientele effect — The grouping of investors who have a preference that the firm follow a particular financing policy, such as the amount of leverage it uses. The New York Times Financial Glossary … Financial and business terms
clientele effect — Describes the tendency of funds or investments to be followed by groups of investors who have similar preferences for a firm which follows a particular financing policy, such as the amount of leverage it uses. Bloomberg Financial Dictionary … Financial and business terms
clientele effect — Fin the preference of an investor or group of investors for buying a particular type of security … The ultimate business dictionary
The Clientele — Infobox musical artist Name = The Clientele Img capt = Img size = Landscape = Background = group or band Alias = Origin = London, England, United Kingdom Genre = Indie pop Years active = 1991present Label = Merge Records Pointy Records Associated … Wikipedia
Эффект клиентской базы — объединение в одну группу акционеров, предпочитающих, чтобы компания следовала определенной финансовой политике. По английски: Clientele effect См. также: Общее собрание акционеров Финансовый словарь Финам … Финансовый словарь
Germany — /jerr meuh nee/, n. a republic in central Europe: after World War II divided into four zones, British, French, U.S., and Soviet, and in 1949 into East Germany and West Germany; East and West Germany were reunited in 1990. 84,068,216; 137,852 sq.… … Universalium
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