stocks including the earning and dividend per share and their intense relation with the share price changes. Toward this, we … with the share price changes is more than the relation of dividend per share with the share price changes …

retained earnings. This recommendation takes two parts: Proposition III, i.e., a dividend has no impact on market value, and ….The purpose of this paper is to analyze non-dividend-distributing companies for positive NPV. I picked companies from the Standard … the null hypothesis should therefore be rejected.The paper also tabulates the assumptions needed for the Dividend …

dividend pay-out ratio tends to increase over time, indicating that dividend policies do matter in the KSE and that dividends …