Event#114tier 1live in productionNew
dividend initiation drift
cadence: Dailydata: mediumlong onlylong short
What it checks
Companies that pay their first-ever dividend tend to outperform for the next 3-12 months.
Mechanism
First-time dividend payers earn +3-12-month abnormal returns.
No production champion data for this family yet. Stats appear once the discovery pipeline promotes at least one strategy with this family tag.
Data dependencies
fundamentalsQuarterly fundamentals (income, balance, cash-flow) from FMP + SEC.
cash_flowsWorker data table — see services/worker schema.
Expected edge
- Paper alpha
- ~2-3% over 3-12m
Asquith-Mullins 1983: ~2-3% over 3-12m.
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