Subscribe

Subscribe to our Newsletter and get informed about new publication regulary and special discounts for subscribers!

ILSHS > Volume 35 > Effect of Dividend Announcement on Stock Prices in...
Effect of Dividend Announcement on Stock Prices in Banking Industry of Pakistan
< Back to Volume

Effect of Dividend Announcement on Stock Prices in Banking Industry of Pakistan

Full Text PDF

Abstract:

This paper proves the result of change in dividend on the stock price. The sample of the population depends on the three banking sector of Pakistan which is Bank Al-Falah, UBL and MCB. In this paper descriptive data was gathered of the five years (2008-2012) related the Banking sectors of the payment of dividend and stock price. The descriptive statistics and regression analysis represent that there is positive or negative relationship has been found between the dividend and stock price. It is proved that the dividend has positive regression with the earning per share and negative regression dividend with the stock price.

Info:

Periodical:
International Letters of Social and Humanistic Sciences (Volume 35)
Pages:
15-25
DOI:
https://doi.org/10.18052/www.scipress.com/ILSHS.35.15
Citation:
N. Iqbal et al., "Effect of Dividend Announcement on Stock Prices in Banking Industry of Pakistan", International Letters of Social and Humanistic Sciences, Vol. 35, pp. 15-25, 2014
Online since:
July 2014
Authors:
Nadeem Iqbal, Naveed Ahmad, Hafeez Ullah, Aun Abbas
Keywords:
Cash Dividend, Dividend, EPS, Profit after Taxes, Stock Dividend
Export:
RIS, BibTeX, Text
Distribution:
Open Access

Creative Commons License
This work is licensed under a
Creative Commons Attribution 4.0 International License

References:

Hussainey K., Ngoc K., Journal of Risk Finance 10 (2009) 321-332.

Meek G., Rao R., Skousen C., Review of Accounting and Finance 6 (2007) 304-323.

Gordon M. J., Review of Economics and Statistics 41 (1959) 99-105.

Allen Franklin and Michael Roni, Payout Policy, North-Holland handbook of Economics and Finance, Wharton Financial Institutions center, April (2002).

Amihud Y., M. Murgia Dividends, The Journal of Finance LII (1997) 397-408.

Andre P., Mathieu R., Zhang P., Journal of Banking and Finance 25 (2001) 431-444.

Bagwell L. S., J. B. Shoven, Journal of Economic Perspective 3(3) (1989) 129-140.

Liu S., Hu Y., Nature and Science 1(3) (2005) 65-70.

Bajaj M., Vijh A., Journal of Financial Economics 26 (1990) 193-219.

Baker H. K., Managerial Finance 25(6) (1999) 1-19.

Irfan C. M., Nishat M. (2003). Key fundamental factors and long run stock price changes in an emerging market- A case study of Karachi stock exchange, Paper presented at PSDE conference, Islamabad.

Jensen M. C., Meckling W. H., Journal of Financial Economics (1976) 305-60.

Linter J., American Economic Review 46(1) (1956) 97-113.

Mendenhall W., T. Sincich, (1989). A second Course in Business Statistics: Regression Analysis, Macmillan, London, New York.

Miller M. H., Rock K., Journal of Finance 40 (1985) 1031-1051.

Molodowsky N., Financial Analysis Journal 29(3) (1995).

Nishat M. (1999). The Impact of Institutional Development on Stock Prices in Pakistan, Doctoral Dissertation, Auckland Business School, University of Auckland.

Nishat M., International Journal of Development Banking 13(2) (1995) 37-42.

Gallizo J., Salvador M., Review of Accounting and Finance 5 (2006) 268-278.

Girard E., Omran M., Journal of Managerial Finance 5(1) (2009) 110-134.

Hussainey K., Ngoc K., Journal of Risk Finance 10 (2009) 321-332.

Liu M., Shrestha K., Managerial Finance 34 92008) 744-755.

Miller M. H., Modigliani F., Journal of Business 34 (1961) 411-433.

Samuelson P., Industrial Management Review 6 (1965) 41-49.

Allen D. E., Rachim V. S., Applied Financial Economics 6(2) (1996) 175-188.

Litzenberger R., K. Ramaswamy, Journal of Financial Economics 7 (1979) 163-195.

Fama F., French R., The Journal of Finance 53(3) (1998) 819-843.

Nadeem Iqbal, Naveed Ahmad, Zeeshan Riaz, International Letters of Social and Humanistic Sciences 9 (2014) 14-25.

M. Shoukat Malik, Muhammad Nadeem, International Letters of Social and Humanistic Sciences 10(1) (2014) 9-19.

Rajesh K. Yadav, Nishant Dabhade, International Letters of Social and Humanistic Sciences 10(2) (2014) 181-201. ( Received 29 June 2014; accepted 06 July 2014 ).

Show More Hide
Cited By:
This article has no citations.