Análisis del pago de dividendos de las empresas que conforman el Colcap durante el periodo 2012-2017

Abstract

The objective of this research is to analyze the dividend payments of the actions that make up the COLCAP during the years 2012-2017. The importance of it lies in the generation of value for the shareholders, who receive a return for assuming the risk of investing their money in the operation of any company, one way to realize these benefits is through the distribution of profits. The methodology used consisted of performing statistical analyzes in order to determine the relationship between the price of the shares and the return of dividends, later the variability between the rates of profit growth and distribution of the same is analyzed. Finally, three indices are described: yield, growth rate and dividend ratio for the real and financial sector. The results obtained indicate that there is a moderate relationship between the price and the return of dividends, that the latter are less volatile than the profits of the company and that the financial sector in Colombia presents on average better distribution than the real sector.