Le renouveau du paiement du dividende en actions
Résumé
Since 2008, Dividend Reinvestment Plans (DRP) are back. This paper aims at analysing the reasons for such a success in order to identify strategies for companies and their shareholders. The historical and theoretical analysis of such strategy are completed by a quantitative study of the dilution induced as well as by the analysis of the companies’press releases. An interdependence of the players is highlighted and this is why it’s interesting to analyse DRP thanks to game theory and to test the model on companies adopting such strategy.