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Some features of Dividend Policy in Japan

D.E. Allen (Department of Economics and Finance, Curtin University of Technology)

Managerial Finance

ISSN: 0307-4358

Article publication date: 1 January 1992


This paper reviews the singular aspects of the dividend policies pursued by Japanese companies. The most notable feature of this is the customary practice of paying a dividend which is 10 per cent on the par value of the share. The paper begins by discussing some relevant and unique features of Japanese company practices. These may conceivably condition managements' attitudes to shareholders and influence their dividend policies.


Allen, D.E. (1992), "Some features of Dividend Policy in Japan", Managerial Finance, Vol. 18 No. 1, pp. 49-69.




Copyright © 1992, MCB UP Limited