RT Journal Article SR Electronic T1 A Conclusion for Most CEOs: Your Corporation Should Not Pay Dividends JF The Journal of Portfolio Management FD Institutional Investor Journals SP 138 OP 139 DO 10.3905/jpm.2015.41.2.138 VO 41 IS 2 A1 Harold Bierman, Jr YR 2015 UL https://pm-research.com/content/41/2/138.abstract AB In previous articles by this author, he concluded that share repurchase tends to be more desirable than cash dividends, from a shareholder’s point of view. In his previous articles, however, the author notes that he failed to take into account the possibility that corporations, in the present tax environment, should normally pay zero dividends. In this article, the author concludes that corporations should normally pay zero cash dividends, unless their stockholders do not pay income taxes.TOPICS: Statistical methods, exchanges/markets/clearinghouses