A Study on the Impact of Dividend Announcement on Stock Price
Journal Title: Journal of Advances in Social Science and Humanities - Year 2017, Vol 3, Issue 5
Abstract
Dividend announcements are always a matter of concern for the investors to make investment decisions in equity of any company, as it is a major component for maximizing the wealth of shareholders. This paper examines the share price reactions of top 20 PSU (Public sector units) companies by market capitalization listed in Bombay Stock Exchange (BSE), surrounding 20 days of announcement (-10 days to +10 days) during the year 2013-2016. The findings suggest that there is a significant difference in the impact of dividend announcements in pre and post announcement period on the share prices of the selected companies. Hence, investors are advised to follow dividend decisions of the companies ardently in order to make wiser investment decisions.
Authors and Affiliations
Amit Balkrishna Joshi, Dr. Manas Mayur
Keywords
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- EP ID EP317299
- DOI 10.15520/jassh35224.
- Views 85
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