that institutional investors are net sellers in dividend reduction firms during the two quarters prior to the announcements …. They also trade more intensively in firms that do not prepare the market for dividend cuts or that have greater information …

This study paper examines the effect of dividend declaration on banking sector stock return in DSE. A sample of 10 … impacts of dividend declaration on the stock return. The Average Abnormal Return (AAR) increases on the declaration date and … impact is highest “One Day After” the date of dividend declaration in comparison to On the Day” and “One Day Before” the date …