clientele

(noun)

The body or class of people who frequent an establishment or purchase a service, especially when considered as forming a more-or-less homogeneous group of clients in terms of values or habits.

Related Terms

Examples of clientele in the following topics:

  • Impact of Dividend Policy on Clientele

    • Change in a firm's dividend policy may cause loss of old clientele and gain of new clientele, based on their different dividend preferences.
    • This set of clientele could choose to sell the stock.
    • These investors are known as dividend clientele.
    • Clientele may choose to sell their stock if a firm changes its dividend policy, and deviates considerably from its preferences.
    • After all, clientele can just choose to sell off their holdings if they dislike a firm's policy change, and the firm may simultaneously attract a new subset of clientele who like the policy change.

  • Expected Dividends, No Growth

    • This suggests that a particular pattern of dividend payments may suit one type of stock holder more than another; this is sometimes called the "clientele effect. " A retiree may prefer to invest in a firm that provides a consistently high dividend yield, whereas a person with a high income from employment may prefer to avoid dividends due to their high marginal tax rate on income.
    • If clienteles exist for particular patterns of dividend payments, a firm may be able to maximize its stock price and minimize its cost of capital by catering to a particular clientele.

  • Value of a Low Dividend

    • According to the clientele effect, firms offering low dividend payout will attract certain investors who are looking for a long term investment and would like to avoid taxes.