Abstract
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.
Keywords
Dividend policy, Market price, Dividend yield, Dividend payout
DOI
https://doi.org/10.54784/1990-6587.1069
Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License.
Recommended Citation
Iqbal, S., Abbas, F., & Aziz, B. (2016). Impact of dividend policy on stock prices: Evidence from Pakistan. Business Review, 11(2), 68-76. Retrieved from https://doi.org/10.54784/1990-6587.1069
Submitted
February 11, 2021
Published
July 01, 2016
Included in
Publication Stage
Published
