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Asian Journal of Management
Year : 2018, Volume : 9, Issue : 3
First page : ( 1085) Last page : ( 1089)
Print ISSN : 0976-495X. Online ISSN : 2321-5763.
Article DOI : 10.5958/2321-5763.2018.00172.5

Dividend Declaration and its Impact on the Stock return of some select firms of Cement Industry

Rani P. Devika*

Assistant Professor, Department of Management Studies, Ballari Institute of Technology and Management, Ballari, Karnataka, India

*Corresponding Author E-mail: devikarani.vims@gmail.com

Online published on 30 January, 2019.

Abstract

The estimation of a firm's stock price has been a subject of debate considering the various factors that cause its increase or decrease. Many researchers have tried to unearth the issue regarding dividend behavior or dynamics and determinants of dividend policy but we still do not have an acceptable explanation for the observed dividend behavior of firms. The study aims at investigating the impact of dividend decision on stock return of selected firms of cement industry listed at National Stock Exchange. The daily share price is considered for a period of 15 days before the dividend declaration and 15 days after dividend declaration of 4 different firms of cement industry are selected for study. The study reveals that the volatility of stock return was less before declaration compared to after declaration.

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Keywords

Dividend decision, stock return, before and after declaration.

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