Effect of Dividend Announcement on Stock Prices in Banking Industry of Pakistan
Nadeem Iqbal, Bahauddin Zakariya University, Pakistan ; Naveed Ahmad, Indus International Institute DG-Khan, Pakistan ; Hafeez Ullah, Aun Abbas, Bahaudin Zakaria University, Pakistan
ILSHS Volume 35, ISSN 2300-2697
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.
Iqbal, N., Ahmad, N., Ullah, H. & Abbas, A. (2014). Effect of Dividend Announcement on Stock Prices in Banking Industry of Pakistan. International Letters of Social and Humanistic Sciences, 35, 15-25.
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