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Much ado about dividends
Thesis (MCom)--Stellenbosch University, 2025.
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| Format: | Thesis |
| Language: | English |
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Stellenbosch : Stellenbosch University
2025
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| _version_ | 1867614004977860608 |
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| access_status_str | Open Access |
| author | Rambanapasi, Gabriel |
| author2 | Katzke, Nico |
| author_browse | Katzke, Nico Rambanapasi, Gabriel |
| author_facet | Katzke, Nico Rambanapasi, Gabriel |
| author_sort | Rambanapasi, Gabriel |
| collection | Thesis |
| dc_rights_str_mv | Stellenbosch University |
| description | Thesis (MCom)--Stellenbosch University, 2025. |
| format | Thesis |
| id | oai:scholar.sun.ac.za:10019.1/133115 |
| institution | Stellenbosch University (South Africa) |
| language | English |
| last_indexed | 2026-06-10T12:45:08.467Z |
| license_str | Other — see source repository |
| provenance_str_mv | Harvested via OAI-PMH from SUNScholar — Stellenbosch University Repository |
| publishDate | 2025 |
| publishDateRange | 2025 |
| publishDateSort | 2025 |
| publisher | Stellenbosch : Stellenbosch University |
| publisherStr | Stellenbosch : Stellenbosch University |
| record_format | dspace |
| source_str | SUNScholar — Stellenbosch University Repository |
| spelling | oai:scholar.sun.ac.za:10019.1/133115 Much ado about dividends Rambanapasi, Gabriel Katzke, Nico Stellenbosch University. Faculty of Economic and Management Sciences. Dept. of Economics. Portfolio management -- Mathematical models Investments -- Performance Dividends -- Economic aspects Stocks -- Prices -- Mathematical models Investments -- Risk Risk assessment UCTD Thesis (MCom)--Stellenbosch University, 2025. Rambanapasi, G. 2025. Much Ado About Dividends. Unpublished masters thesis. Stellenbosch: Stellenbosch University [online]. Available: https://scholar.sun.ac.za/items/acfe92f2-4ee0-44ac-8463-26d56dc36d88 ENGLISH SUMMARY: This study examines the performance and risk-adjusted returns of dividend-paying portfolios in both international and domestic markets. Using historical price data and factor-based portfolio construction techniques, we assess the effectiveness of dividend signals in delivering excess returns relative to market benchmarks. The findings indicate mixed results, with some dividend portfolios generating long-term outperformance, while others exhibit structural inefficiencies and underperformance. Through an analysis of rolling 60-month active risk and information ratios, we identify patterns of risk exposure and performance persistence. The study contributes to the literature of dividend investing and factor-based portfolio construction, providing practical insights for institutional investors and fund managers. Our results emphasise that dividend strategies alone may not guarantee superior risk-adjusted returns, and incorporating additional fundamental factors such as earnings quality, momentum, and value exposure may enhance portfolio outcomes. AFRIKAANSE OPSOMMING: Geen opsomming beskikbaar. Masters 2025-07-18T07:15:33Z 2025-07-18T07:15:33Z 2025-03 Thesis https://scholar.sun.ac.za/handle/10019.1/133115 en Stellenbosch University 42 pages : illustrations application/pdf Stellenbosch : Stellenbosch University |
| spellingShingle | Portfolio management -- Mathematical models Investments -- Performance Dividends -- Economic aspects Stocks -- Prices -- Mathematical models Investments -- Risk Risk assessment UCTD Rambanapasi, Gabriel Much ado about dividends |
| title | Much ado about dividends |
| title_full | Much ado about dividends |
| title_fullStr | Much ado about dividends |
| title_full_unstemmed | Much ado about dividends |
| title_short | Much ado about dividends |
| title_sort | much ado about dividends |
| topic | Portfolio management -- Mathematical models Investments -- Performance Dividends -- Economic aspects Stocks -- Prices -- Mathematical models Investments -- Risk Risk assessment UCTD |
| url | https://scholar.sun.ac.za/handle/10019.1/133115 |
| work_keys_str_mv | AT rambanapasigabriel muchadoaboutdividends |