Relationship between Dividend Policy and Volatility of the share prices: Evidence from Indian Pharmaceutical and IT companies

Prof. Anuradha. R; Prasad. R

Title:
Relationship between Dividend Policy and Volatility of the share prices: Evidence from Indian Pharmaceutical and IT companies

Authors:
Prasad. R | Prof. Anuradha. R
DOI:
https://doi.org/10.31142/ijtsrd10734

Cite This Article :

Prasad. R | Prof. Anuradha. R "Relationship between Dividend Policy and Volatility of the share prices: Evidence from Indian Pharmaceutical and IT companies" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-2 | Issue-2, February 2018, pp.1684-1688, URL: https://www.ijtsrd.com/papers/ijtsrd10734.pdf

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Abstract :
The article aims at finding the relationship between the dividend policy and the Volatility of the share prices. Dividend Yield and Dividend Payout has been used to measure the dividend policy. Other control variables such as the Earnings Volatility, Long-Term Debts, Growth in Assets, Firm Size have been used. The data has been collected from the financial years of 2011-2017. Multiple regression and correlation test have been used to find the relationship between the dividend policy and Volatility of the share prices. The findings showed that the Earnings Volatility, Growth In Assets, Long-Term Debts are positively correlated with price volatility while Dividend Payout, Dividend Yieldand Firm Size are negatively correlated with the price volatility.

Keywords :
Dividend Yield, Dividend Payout, Earnings Volatility, Long-Term Debts, Growth in Assets, Firm Size

Publication Details:

Unique Identification Number : IJTSRD10734

Published In : Volume-2 | Issue-2, February 2018

Page Number(s) : 1684-1688

Publisher Name : IJTSRD | www.ijtsrd.com | E-ISSN 2456-6470

Copyright © 2019 by author(s) and International Journal of Trend in Scientific Research and Development Journal. This is an Open Access article distributed under the terms of the Creative Commons Attribution License (CC BY 4.0) (http://creativecommons.org/licenses/by/4.0)

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