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Finance and Financial Management Commons

Open Access. Powered by Scholars. Published by Universities.®

Business Review

Journal

2016

Articles 1 - 1 of 1

Full-Text Articles in Finance and Financial Management

Impact Of Dividend Policy On Stock Prices: Evidence From Pakistan, Shahid Iqbal, Faisal Abbas, Bilal Aziz University Of Engineering And Technology, Lahore, Pakistan Jul 2016

Impact Of Dividend Policy On Stock Prices: Evidence From Pakistan, Shahid Iqbal, Faisal Abbas, Bilal Aziz University Of Engineering And Technology, Lahore, Pakistan

Business Review

We study the impact of dividend yields and payout ratios on stock prices using an econometric model that also includes control variables such as debt leverage rates, earnings per share, total assets and asset growth. Relevant data for Pakistani companies are compiled from a variety of sources for the period 2001-2014. Econometric results show that dividend yields are negatively correlated and dividend payout ratios positively correlated with stock prices.