Dividend irrelevance: related pages
Capital structure irrelevance
The proposition that the proportion of debt to equity does not affect the total value (debt + equity) of a company.
Dividend yield
Total dividends paid per share over the course of a year ÷ share price.
Dividend policy
A company's usual practice when deciding how big a dividend payment to make.
Income investing
Investing to generate income rather than capital growth.
Payout ratio
dividends ÷ post tax profits, or dividend per share ÷ EPS.
Value investing
A style of investing based on picking shares that have low valuations relative to their current profits, cash flows and dividend yield.
De-equitisation/re-equitisation
The subsitution of debt for equity.
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