Impact of Dividend Announcement on Share Price Volatility in NSE on Indian Stock Market-with Special Reference to Heidelberg Cement Company-An Empirical Study
Author : Ms. A Raveena and Dr. RS Ch Murthy Chodisetty
Abstract :
Purpose: In general dividend is paid once in a year to the investors according to their investments made in the company. Dividend is one of the ways where the investors can make money out of their investments. This paper explains about Share price Volatility of Heidelberg Cement before and after announcement using Arch Model.
Design/Methodology/Approach: This paper explains about Share price Volatility of Heidelberg Cement before and after announcement using Arch Model. When a part of the profit is distributed among the investors of the company is known as “Dividend”. In general dividend is paid once in a year to the investors according to their investments made in the company. Dividend is one of the ways where the investors can make money out of their investments.
Originality/Value: The 10 public sector banks' annual reports provided the secondary data. For the sake of further investigation and confirmation, ww.moneycontrol.com was consulted. Before the data was utilised for the study, it was put through some basic mathematical processes, such calculating the ratios.
Findings: The study is restricted to consider only the share prices of the stocks on dividend announcement day. Ten cement companies registered on the National Stock Exchange are the only ones included in the research. From 2013 to 2022, a whole decade, is covered by the research.
Keywords :
Share price volatility, dividend announcement, arch & garch models
