THE ROLE OF DIVIDEND POLICY IN STOCK PRICE DETERMINATION IN TELECOMMUNICATION INDUSTRY: THE CASE OF PLDT AND GLOBE FATIMA KAYE A. DE CHAVEZ, LORELLA A. ESPELETA and LESLIE JOY A. PATIO College of Business and Accountancy University of Batangas ABSTRACT The issue of how much a company should pay its stockholders, as dividend is one that has been of concern to managers for a long time. The optimal dividend policy of a firm may be defined as the best dividend payout ratio the firm can adopt
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will examine the relationship between the dividend policy and stock price volatility based on the previous studies. Dividend policy is referred as a direction to the dividend paid out. In practice, we can through three aspects to show how the dividend policy is important. Firstly, in term of the clientele effect, the transaction cost and tax of investor position can exert an influence on whether dividend policy gains are preferred which means that dividend policy will exert an important influence
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Debt Policy at UST, Inc. Introduction In 1998 the U.S smokeless tobacco industry generated $2 billion of retail revenue with approximately 5 million consumers of moist tobacco and 7 million consumers of chewing tobacco including loose leaf, twist, plug and dry. Moist smokeless tobacco consumption approximated 50% of the total. The factors contributing to the continuous growth of the moist smokeless tobacco was the increased prevalence of smoking bans which had led customers to switch to smokeless
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T2 2009 Multiple Choice - 50 Questions: 1 mark each. 1) If a firm follows a residual dividend policy, they will give precedence to: a) b) c) d) e) maintaining their desired debt-equity ratio over paying dividends paying a constant dividend over increasing retained earnings paying dividends over accepting positive investments maintaining a constant level of debt before paying dividends avoiding dividend cuts over changing the debt-equity ratio 2) An investment project is most likely to
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TERM PAPER ADVANCED FINANCIAL MANAGEMENT on "ITC DIVIDEND POLICY” Submitted in the partial fulfillment of the requirements for III Semester Master of Business Administration Submitted By: PRIYANNA MARTIS (1PT12MBA57) III Semester, MBA “FINANCE” Submitted to: Prof. G.V.M SHARMA MBA DEPARTMENT
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Fiscal 2014 Financial Highlights In millions, except per share and return on capital data 52 weeks ended 52 weeks ended May 25, 2014 May 26, 2013 Change Net Sales Adjusted Segment Operating Profit* Net Earnings Attributable to General Mills Diluted Earnings per Share (EPS) Adjusted Diluted EPS, Excluding Certain Items Affecting Comparability* Return on Average Total Capital* Average Diluted Shares Outstanding Dividends per Share $17,910 $ 3,154 $ 1,824 $ 2.83 $ 2.82 11.6% 646 $ 1.55
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Workbook for NISM-Series-V- A: Mutual Fund Distributors Certification Examination National Institute of Securities Markets www.nism.ac.in This workbook has been developed to assist candidates in preparing for the National Institute of Securities Markets (NISM) Certification Examination for Mutual Fund Distributors. Workbook Version: July 2011 Published by: National Institute of Securities Markets © National Institute of Securities Markets, 2010 Plot 82, Sector 17, Vashi Navi Mumbai – 400
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INTRODUCTION Beverly Flax and Rick Rosenfield founded California Pizza Kitchen in 1985 in Beverly Hills, California. California Pizza Kitchen is a casual dining, full service restaurant concept that specializes in gourmet pizzas with unique topping combinations. At the end of the second quarter of 2007 they operated 213 locations in 28 states and in 6 foreign countries. The company derives its revenue from three sources: sales at company-owned restaurants, royalties from franchised restaurant
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margin. Stock Repurchases The projected capital spending for this division was expected to be stable. The smallest Indtihviesipoansitn, MiidlalannddishPaedtrroecphuemrcihcalse. dIt iwtsasowthne dsohwarnesstroenamocsceacstion,oaf nand ohilaadnsdtagtaesd that it would do so again whenever attractive opportunities arose. Consequently, the company regularly estimated industry with expected growth of capital spending in the near term on new facilities. the intrinsic value of its shares by subtracting
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the company's five-year financial goals through 2016, UPS anticipates: • Consolidated revenue growth of 6-to-8% per year. • Compound annual earnings per share growth of 10-to-15%. • Return on invested capital of at least 25% by 2014. • Expansion of distributions to shareowners in the form of dividends and stock repurchasing. Stock repurchases are expected to be a minimum of $8 billion from 2012 to 2014.” Describe the information system in terms of its input, processes, and output and also
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