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Reciprocity between Stock Prices and Cash Dividends of Selected Bulgarian Companies

Author

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  • Mario Kasabov

Abstract

The paper examines 23 ‘dividend’ compa­nies that were listed on the BSE as of June 30, 2016 and paid cash dividends at least half the time during which were publicly traded compa­nies on the stock market. The purpose of the paper is to analyse whether investors reassess share prices following cash dividend announce­ments. Moreover, in order to improve our under­standing of investors’ behavior around dividend announcement date, the article investigates the key factors that determine the size and frequen­cy of dividend payments.

Suggested Citation

  • Mario Kasabov, 2017. "Reciprocity between Stock Prices and Cash Dividends of Selected Bulgarian Companies," Ikonomiceski i Sotsialni Alternativi, University of National and World Economy, Sofia, Bulgaria, issue 4, pages 43-60, October.
    • Handle: RePEc:nwe:iisabg:y:2017:i:4:p:43-60
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    More about this item

    Keywords

    Bulgarian Stock Exchange; shares; dividends; companies; investors;
    All these keywords.

    JEL classification:

    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • G35 - Financial Economics - - Corporate Finance and Governance - - - Payout Policy

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