Abstract
The issue of accounting profit has been noticed from long time by investors, managers, financial analysts and creditors. Due to the importance of dividend per share is disclosed by companies and the role of dividend in decisions and because the most important source of information for investors and managers and other users in the stock, is the forecasted dividend by companies, this study follows to recognize the affecting factors on 23 chemical companies in the Tehran Stock Exchange dividend using genetic algorithms combined with artificial neural network. Finally, the variables affecting the output are used to predict dividends in the model that is by neural network designed. The error is calculated and be the basis of comparison with other methods. The study included chemical companies accepted in Tehran Stock Exchange during 2006-2010. The independent variables in this study are accounting ratios and stock cash dividend is dependent variable.
Highlights
Cash return and cash stock dividends, due to the objectivity and tangible, has a special consideration among some of stakeholders
Actual and potential users of financial information have been eager to inform about the ability to create cash and sometimes its distribution among the stakeholders of the company. Because this information offers a clear picture of the current situation of company, but it can provide the estimates of the future status that certainly is important in their decision making process
Part of the attention of corporate managers paid to the subject that is titled "dividend policy"
Summary
Cash return and cash stock dividends, due to the objectivity and tangible, has a special consideration among some of stakeholders. Actual and potential users of financial information have been eager to inform about the ability to create cash and sometimes its distribution among the stakeholders of the company Because this information offers a clear picture of the current situation of company, but it can provide the estimates of the future status that certainly is important in their decision making process. More important than the dividend policy, is the root of reasons to adopt a specified dividend policy by the company This may help in the important economic decisions for different groups of stakeholders, the investors. The company's attractiveness to investors, in addition to the current situation, depends on its potential of creating the future income
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