Dividend increase announcements and stock market reaction : evidence from Canadian stock market

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dc.contributor.advisor Dodds, J. C. (James Colin)
dc.creator Sindi, Sameer Mohammed
dc.date.accessioned 2013-04-23T17:37:42Z
dc.date.available 2013-04-23T17:37:42Z
dc.date.issued 2013
dc.identifier.uri http://library2.smu.ca/xmlui/handle/01/24894
dc.description 1 online resource (iii, 33 p.) : col. ill.
dc.description Includes abstract and appendices.
dc.description Includes bibliographical references (p. 32-33).
dc.description.abstract This paper examines and analyzes the effect of the increase in dividend announcements on the stock price on the Toronto Stocks Exchange, by selecting 50 firms from different sectors which announce increases in dividends during the period of 2001 to 2010. The focus in this study is analyzing the effect of the event in short periods of time (3 days, 7 days and 11 days). As expected, the study finds that most firms have a positive relationship between the increase in dividends and stock price. However, there was a negative relationship between the stock price of some firms and the increase in dividends. In conclusion, this study finds that the increase in dividend announcements does affect stock prices. However, investors cannot make abnormal returns due to this event. en_CA
dc.language.iso en en_CA
dc.publisher Halifax, N.S. : Saint Mary's University
dc.title Dividend increase announcements and stock market reaction : evidence from Canadian stock market en_CA
dc.type Text en_CA
thesis.degree.name Master of Finance
thesis.degree.level Masters
thesis.degree.discipline Finance, Information Systems, & Management Science
thesis.degree.grantor Saint Mary's University (Halifax, N.S.)


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