A influência do resultado abrangente no pagamento de dividendos

Abstract

The evidence of comprehensive income demonstration became compulsory in Brazil according to the international standards and it aims to better demonstrate the financial and patrimonial situation of companies. The current study aims to identify if the comprehensive income and other comprehensive income influenced the payment of dividends in Brazilian companies. Its contribution consisted of establishing the relation between comprehensive income and the patrimonial and financial position of companies and its role concerning the evaluation and distribution of period result. Studies point that comprehensive income have great volatility to be considered influent in the payment of dividends once they are based on more persistent income such as net profit. In order to do so it was used the methodology of multiple linear regression, from which it was concluded that only the other comprehensive income influence the payment of dividends in the companies analyzed, thus existing a negative relationship for the bigger the other comprehensive income, the smaller the payment of dividend in the period. Two explanation proposals are given to the findings discussing managerial behavior in a conservative and opportunist manner. Key-words: Dividends. Comprehensive Income. Other Comprehensive Income.