The Effect of a Dividend Payment on the Stock Price

The Effect of a Dividend Payment on the Stock Price
Author: Thomas Herdieckerhoff
Publisher: GRIN Verlag
Total Pages: 18
Release: 2015-03-25
Genre: Business & Economics
ISBN: 3656928606

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Essay from the year 2013 in the subject Business economics - Investment and Finance, grade: 100%, , language: English, abstract: This paper is an introduction to the effects that dividend payments have on the stock price and a discussion of various opinions about payment effects. One fundamental framework in this field of study has been the “dividend irrelevance theorem” by Modigliani and Miller (1961) that was published in the journal of business as a part of their analysis of “Dividend Policy, Growth, and the Valuation of Shares”. With a set of given assumptions they arrive at the conclusion that the dividend policy is irrelevant. As the second source I consult an article by the American stock exchange NASDAQ (2012) about the so-called “dividend capture strategy”, which I discuss skeptically. The third article I refer to interestingly holds the opposite of the NASDAQ article.

Dividend Policy. The Effect on the Market Value of Financial Institutions in Nigeria

Dividend Policy. The Effect on the Market Value of Financial Institutions in Nigeria
Author: Joan Onyinyechi Njoku
Publisher:
Total Pages: 96
Release: 2021-12
Genre:
ISBN: 9783346567758

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Master's Thesis from the year 2021 in the subject Business economics - Banking, Stock Exchanges, Insurance, Accounting, grade: 75.0, University of Nigeria (faculty of business administration), course: accountancy, language: English, abstract: The study examined the effect of dividend policy on the market value of 24 listed insurance companies using empirical evidence from Nigeria. Objectives of the study is to examine the effect of dividend per share (Dps), dividend pay-out ratio (Dpor), and dividend yield (Dy) on market value per share (Mvps), Net asset per share (Naps) and firm age. Hypotheses of the study were stated in line with the objectives. Data were obtained from financial statements of 10 Insurance firms listed in the floor of the Nigerian stock exchange. The panel data covering a period of eight years from 2011 to 2018 were used. The regression model took the form of the Fixed Effects Model, Random Effects Model, and the Pooled Ordinary Least Square (POLS) model in order to establish the most appropriate regression with the highest explanatory power that is better suited to the data set employed in the study.

Dividend Policy

Dividend Policy
Author: George Frankfurter
Publisher: Elsevier
Total Pages: 249
Release: 2003-06-24
Genre: Business & Economics
ISBN: 0080488730

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Dividend Policy provides a comprehensive study of dividend policy. It explores the puzzle presented by dividends: irrational and subject to fashion, yet popular and desirable, they remain a priority among managers, even while perceived as largely symbolic. After exploring the history of dividend payments, from the emergence of the modern corporation to current perspectives, it traces the evolution of academic models on dividend policy. Here the authors review models of symmetric and asymmetric information before analyzing academia's accomplishments in solving the dividend puzzle. Related subjects, such as valuation and wealth distribution, round out the authors' presentation about new ways to think about one of the most intriguing subjects in financial economics. The book is recommended for professors and students in departments of finance and business, corporate finance staff, and financial regulators. The only comprehensive study of dividend policy Covers the historical evolution of dividends and academic research on dividend policy Presents new ways of thinking about dividends and dividend policy

The Ultimate Dividend Playbook

The Ultimate Dividend Playbook
Author: Morningstar, Inc.
Publisher: John Wiley & Sons
Total Pages: 374
Release: 2008-01-02
Genre: Business & Economics
ISBN: 0470125128

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Many people believe that the key to success in the stock market is buying low and selling high. But how many investors have the time, talent, and luck to earn consistent returns this way? In The Ultimate Dividend Playbook: Income, Insight, and Independence for Today’s Investor, Josh Peters, editor of the monthly Morningstar DividendInvestor newsletter, shows you why you don’t have to try to beat the market and how you can use dividends to capture the income and growth you seek.

A Study on the Impact of Dividend on Stock Prices

A Study on the Impact of Dividend on Stock Prices
Author: Mohammed Arif Pasha
Publisher:
Total Pages: 9
Release: 2018
Genre:
ISBN:

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The investment decision is influenced by many factors of which one such factor is return. The shareholders may get return in the form dividend which affects the share prices. The behavior of stock prices is unpredictable as price movement for different activities will move in different ways. The stock price influence activities can be divided into Economic and corporate activities. The impact of economic activities will be more or less same on all the stock prices while impact of corporate action varies from one stock to the other. Dividend payment is one of the important corporate actions that will have an impact on the behavior of stock prices. This research highlights the impact of dividend payment on the behavior of stock prices and their abnormal returns. To understand this behavior, 120 stocks have been randomly picked which have paid the dividend in 2016. The researchers have used popular event window study and abnormal returns.

The Stock Dividend

The Stock Dividend
Author: M. Richard Sussman
Publisher:
Total Pages: 144
Release: 1962
Genre: Business & Economics
ISBN:

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The dividend puzzle

The dividend puzzle
Author: Reinhard Windisch
Publisher: GRIN Verlag
Total Pages: 9
Release: 2008-03-20
Genre: Business & Economics
ISBN: 3638021653

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Essay from the year 2005 in the subject Business economics - Banking, Stock Exchanges, Insurance, Accounting, grade: 2,0, University of Graz, language: English, abstract: For many years economists and financial experts have argued about the „dividend puzzle“, i.e. about the impact of dividends on stock prices. Describe this puzzle, explain why it appears so intractable, and state what might be done to bring us all closer to an acceptable solution.

Stock Dividends

Stock Dividends
Author: United States. Congress. House. Committee on Ways and Means
Publisher:
Total Pages: 66
Release: 1920
Genre:
ISBN:

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