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

Iqbal, Nadeem; Ahmad, Naveed; Ullah, Hafeez; Abbas, Aun

doi:10.18052/www.scipress.com/ILSHS.35.15

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

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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

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Open Access

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Creative Commons Attribution 4.0 International License

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