We examine the impact of special dividend announcements for UK firms over the period 1989-2007. We find that the market … opportunities (low Tobin's q). For lower-growth firms, we do not find any evidence that the firm is using a special dividend to … signal future cash flow performance. Rather, it appears that these firms are using a special dividend to distribute cash that …

We examine abnormal stock returns surrounding contemporaneous earnings and dividend announcements in order to determine … interaction effect.The abnormal return corresponding to any earnings or dividend announcement depends upon the value of the other … more credence to unanticipated dividend increases or decreases when earnings are also above or below expectations, and vice …

The finance literature reports mixed results about the stock market reaction to dividend announcements. This study has … tried to figure out that the heterogeneous stock market reaction to dividend announcements might be attributed to several … size, leverage, and dividend yield in explaining the stock market reaction to dividend announcements. Using a sample of 206 …

Dividend announcement is one of the important corporate action and this action influence shareholders wealth. Investors … expect to invest before the dividend date to come, it may lead to positive abnormal return in that stock and also if … investors not happy with amount of dividend, it may also lead abnormal return. In this study, try to understand the stocks …

This study attempts to examine liquidity (stock returns) reaction to subsequent dividend announcements and information … subsequent dividend announcements. The liquidity levels of the studied stocks are very low. Findings show that there is a little … informational content of dividend announcements on the Ghana Stock Exchange. The Ghanaian investors hardly consider dividend …

Evidence is scarce and inconclusive on the announcement effect of dividend changes on bondholders due to poor quality … abnormal bond returns over a three-day event window surrounding an increased (omitted) dividend announcement are positive … (negative) and statistically significant. Consistent with the signaling hypothesis, the bond market reaction to the dividend …