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Dividend Policy And Share Price Volatility Uk Evidence Pdf

dividend policy and share price volatility uk evidence pdf

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Dividend policy and share price volatility: UK evidence

Purpose: The volatility in stock prices is one of the most discussed topics in finance. Many studies have been conducted to find the factors which cause fluctuation in stock prices and different results have been found. In this study an attempt has been made to see the affect of dividend yield, dividend payout ratio, return on equity, earning per share and profit after tax on stock prices in Pakistan. For this purpose four non financial sectors Sugar, Chemical, Food and personal care, Energy have been selected. A sample of 63 companies listed at Karachi stock exchange was analyzed for the period of Methodology: Ordinary least square regression model has been applied on panel data. Findings: The results indicate dividend yield and dividend payout ratio which are both measures of dividend policy have significant impact on stock price.

The purpose of this paper is to examine the relation between dividend policy and share price changes in the UK stock market. Multiple regression analyses are used to explore the association between share price changes and both dividend yield and dividend payout ratio. A positive relation is found between dividend yield and stock price changes, and a negative relation between dividend payout ratio and stock price changes. In addition, it is shown that a firm's growth rate, debt level, size and earnings explain stock price changes. The paper supports the fact that dividend policy is relevant in determining share price changes for a sample of firms listed in the London Stock Exchange. To the best of the authors' knowledge, this paper is the first to show that corporate dividend policy is a key driver of stock price changes in the UK.

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Impact of Dividend Policy, Earning per Share, Return on Equity, Profit after Tax on Stock Prices

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This work focused on analyzing whether the ownership structure has any effect on the dividend policy of companies in the Mexican market. The decision of dividend payment is one of the major elements in corporate policy, as this dividend policy influences the value of the company. Therefore, decisions such as adopting a company growth policy through the reinvestment of profits, or better yet allocating them to the payment of dividends, are going to be influenced by the type of ownership structure that dominates the company. The analysis was based on three types of ownership structures such as: families, institutions mainly banks and small blocks of shareholders. Our results show that the concentration of property in families negatively influences the payment of dividends, whereas the presence of institutional shareholders has an inverse effect on the payment of the same. This indicates that the presence of big shareholders foreign to the families has a different effect on the payment policy of dividends in the Mexican context. This work provides literature information about the context of emerging countries as is the case of Mexico, given that much of the existing investigations focus on European or North American contexts, where the markets are well regulated and property is broadly distributed..

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Dividend Policy and Share Price Volatility: UK Evidence. Khaled Hussainey dividend policy is a key driver of stock prices changes in the UK. Keywords: reddingvwclub.org Kinder, C.


Stock Price Volatility and Role of Dividend Policy: Empirical Evidence from Pakistan

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Stock Price Volatility and Role of Dividend Policy: Empirical Evidence from Pakistan

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    Findings – A positive relation is found between dividend yield and stock price changes, and a negative relation between dividend payout ratio and stock price changes. In addition, it is shown that a firm's growth rate, debt level, size and earnings explain stock price changes.

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