Stockholders may not be pleased when a firm doesn’t meet their target dividend, but research shows that underpaying stocks provide more return compared to stocks that overpay their dividend. This research on dividend deviation is the focus of the next instalment of the Goodman School of Business Luncheon Speaker Series.

On Friday, Oct. 11, Associate Professor of Accounting and Finance Lei Lu, from the Asper School of Business in Manitoba, will deliver a presentation titled “The Dividend Deviation Anomaly” based off of the results in his research paper of the same name published with his colleagues. Dividend deviation is defined as the difference between a firm’s actual dividend per share (DPS) and its target DPS.

The Goodman speaker series provides an informal opportunity to listen to and discuss recent advances in research, teaching and practices with international business colleagues.

Lu’s talk will run from 12:30 to 2 p.m. in Goodman School of Business Room 310. Goodman faculty, staff and graduate students are invited to attend. Brock community members interested in attending can email Jennifer Brisson at jbrisson@brocku.ca to reserve a seat.