Godwin Imo Ibe


This study examines the impact of dividend on stock prices. The study adopts the ex-post facto research design and data were handpicked from the annual report and statement of account of selected banks listed on the Nigerian Stock Exchange for the period. The findings of this study support the opposite view that dividend yields do not have positive and significant impact on stock prices. This implies that stock prices tend to increase when an increase in dividend is announced but tend to decrease when a decrease or omission is announced. 


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dividend, stock price, bank size


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