The Information Content of Dividend Per Share: Jordanian Evidence
Posted: 20 Oct 2008
Date Written: September 1, 2006
This study investigates the information content of the dividend per share for Jordanian non-financial firms, across the period from 1994 to 2003. The results indicate that the main purpose of dividend policy in Jordan is to signal firms' good performance, and therefore the information of dividend per share can be summarized to one or zero signal. Thus, the study argues that the dividend per share in Jordan can be used as one of the indexes to reflect dividend policy.
Keywords: dividend per share, panel data, logit model, probit model, Lintner model
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