clientele effect

clientele effect definition - business

clientele effect

The tendency of different securities to attract different types of investors, depending on the dividend policy of the issuer. For example, certain investors are attracted to stocks (for example, electric utility stocks) with high dividend yields while other investors prefer stocks with lower dividend yields but more capital gains potential.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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