VALUATION OF THE IMPACT OF HIGHER DIVIDEND YIELD COMPANIES WITH STATE PARTICIPATION IN THE SHARE CAPITAL

Abstract

The paper evaluated the feasibility of increasing the dividend payout ratio companies with state participation in the capital to ensure the replenishment of a profitable part of the federal budget. The research was partially established relationship between the ratio of the dividend yield and market capitalization of these companies on the basis of economic and mathematical modeling. Forecast market value of the companies was carried out with state participation in the capital with the growth rate of the dividend payout ratio, calculated on the basis of statements of RAS and IFRS, and concluded that the increase in the dividend payout ratio would adversely affect the capitalization of the companies.