Browsing by Author "ASAFO-ADJEI, BENJAMIN"

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    Dividend payout and stock price volatility among financial institutions listed on the Ghana Stock Exchange
    (AUGUST 2015) ASAFO-ADJEI, BENJAMIN
    The objective of this study was to find out the effect of dividend payout on share price volatility among financial institutions listed on the Ghana Stock Exchange. Financial statements and the historic stock prices of ten financial institutions listed on the Ghana Stock Exchange for a period of six years (2008-2013) was utilized for calculating price volatility, earning per share, stock dividend, debt and profit after tax which were key variables of much relevance to the study. By using standard multiple regression analysis, the study was able to find out the predictive relationship between the dependent variable (price volatility) and independent variables (stock dividend, earning per share, profit after tax and debt). The findings of the study showed that, out of the four independent variables, only earnings per share significantly determined the stock price volatility of financial institutions listed on the Ghana Stock Exchange. The other independent variables which include stock dividend, profit after tax and debt did not significantly determine the volatility in stock prices of financial institutions listed on the Ghana Stock Exchange.