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Impact

of Dividends on Stock Return

Stock

returns of oil refinery changeover at stock exchange

Whether

its the dividend that has an impact on stock return or not?

Our

objective is to prove that not only dividend that has an impact on stock return at stock exchange as there are so many other things that affects it

Independent

Variable:

Dividends
Dependent

Variables:

Pakistan State Oil Shell Helix Attock Refinery Oil

Dasilas Apostolos (2008) investigated the stock market reaction of the Athens Stock Exchange to cash dividend announcements for the period 20002004.

Black, Fletcher and Myron Scholes, The Effect of Dividend Yield and Dividend Policy on Common Stock Prices and Returns, Journal of Financial Economics 1, 1974, pp. 1-22.
Miller, Merton and Franco Modigliani, Dividend Policy, Growth and the Valuation of Shares, Journal of Business 34,1961, pp. 411-433.

Pakistan

State Oil Shell Helix Attock Refinery Oil


Brokers
Islamabad

Stock Exchange

Hypothesis: H0: Dividend has an impact on stock return.

TARGET DATE 21-3-2012 23-3-2012 26-3-2012

WEEK NUMBER

TASK TO BE ACHIEVED

5TH 6TH 7TH

PROPOSAL RESEARCH DESIGN COLLECTION OF DATA FROM THE ORGANIZATION

31-3-2012
8-4-2012 12-4-2012 16-4-2012

9TH
10TH 11TH 12TH

COMPILING DATA
LITERATURE REVIEW PRIMARY AND SECONDARY DATA COLLECTION STRUCTURING THE DATA

23-4-2012

13TH

ANALYZING DATA AND FINALIZING


RESEARCH