the innovation in the dividend. The bound is valid even if prices and dividends are nonstationary.The inequality is used … expected present discounted value of its dividend stream, with a constant discount rate. The inequality states that if this … hypothesis is true, the variance of the innovation in the stock price is bounded above by a certain function of the variance in …

This paper primarily aims at examining the impact of dividend policy on stock price volatility of industrial firms … dividend policy-dividend yield and dividend payout ratios-have negative significant relationship with stock price volatility …. This may indicate that the increase in firm's dividend yield and dividend payout lowers the stock price volatility, which …