On Stock Dividends, Share Prices, and Shareholder Wealth

  • Nelson H. Salita U.P. Ceasar EA Virata School of Business

Abstract

The author examined stock dividend declarations and their impact on stock prices on and around the ex-dates for six Philippine companies during the 1988-1992 period.  The study finds that the market price does not adjust perfectly and that stockholder gains from stock dividends are possible.

Published
2016-09-01
Section
Articles