Dividend Policy and Share Price Volatility

  title={Dividend Policy and Share Price Volatility},
  author={O. J. ILABOYA and M. AGGREH},
  • Published 2013
We examined the relationship between dividend policy and share price volatility across companies listed in the Nigerian Stock Exchange Market. 26 sampled firms across a number of sectors were selected through simple random sampling technique over a period (2004 – 2011). Our model specification captured share price volatility (P.vol) as the dependent variable, while dividend yield (Dyld) and dividend payout ratio (Payout) were the independent variable; firm size (size), long-term debt (Debt… CONTINUE READING
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