Clientele groups are often dictated by age as well as income level. Older or retired investors tend to prefer higher dividend income than younger shareholders, who may prefer that the company use free cash flows to fund growth rather that distribute dividends. Ultimately, dividend clienteles tend to be growth-versus-income parties. The effects of dividend clientele on a company's stock price are somewhat controversial.
Investment dictionary. Academic. 2012.
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Dividend clientele — A group of shareholders who prefer that the firm follow a particular dividend policy. For example, such a preference is often based on comparable tax situations. The New York Times Financial Glossary … Financial and business terms
dividend clientele — A group of shareholders who prefer that the firm follow a particular dividend policy. Such a preference may be based on comparable tax situations. Bloomberg Financial Dictionary … Financial and business terms
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 theory that a company s stock price will move according to the demands and goals of investors in reaction to a tax, dividend or other policy change affecting the company. The clientele effect assumes that investors are attracted to different… … Investment dictionary
The Dividend Decision — is a decision made by the directors of a company. It relates to the amount and timing of any cash payments made to the company s stockholders. The decision is an important one for the firm as it may influence its capital structure and stock price … Wikipedia
Дивидендная клиентура — группа акционеров, предпочитающих, чтобы компания следовала определенной дивидендной политике. По английски: Dividend clientele См. также: Дивидендная политика Финансовый словарь Финам … Финансовый словарь
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