Stable Dividend Policy Boosts Share Prices in Pakistan's Auto Sector
The study looked at how dividend policy affects stock price volatility in the automobile sector of Pakistan. They analyzed data from 17 companies over 12 years and found that higher earnings and dividends per share led to higher share prices. However, dividend yield and payout ratio did not have a significant impact on share prices. The study suggests that companies should have a consistent dividend payment policy to increase shareholder gains.