Moroccan firms' dividend policy secrets revealed, empowering investors and analysts!
The study looked at why companies in Morocco decide to pay dividends to their shareholders. They analyzed data from non-financial companies listed on the Casablanca Stock Exchange between 2004 and 2015. The researchers found that factors like current profits, debt levels, growth, cash flow, and ownership by institutions influence dividend decisions. Surprisingly, expected earnings and past dividend payments don't seem to affect dividend policy. This information can help investors and analysts understand how company executives make decisions about dividends, which can be important for investors trading on the Casablanca Stock Exchange.