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Impact of Inflation on Dividend Determinants and Dividend Payout

Table 2: Fixed Effects (Within) Regression

Divided Pay-out Coef Robust Std. Err. t p
Debt ratio -0.0109 0.019 -0.57 0.570
Dividend Yield 0.008 0.035 0.23 0.822
Operating Free Cash Flow -0.001 0.003 -0.26 0.791
P/E ratio -0.050 0.017 -2.93 0.004
Inflation -0.022 0.006 -3.87 0.000
Constant 2.737 0.038 72.20 0.000
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