The Information Content of Dividend Per Share: Jordanian Evidence

Posted: 20 Oct 2008

See all articles by Basil Al‐Najjar

Basil Al‐Najjar

University of London - School of Business, Economics and Informatics

Date Written: September 1, 2006

Abstract

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

Suggested Citation

Al-Najjar, Basil, The Information Content of Dividend Per Share: Jordanian Evidence (September 1, 2006). Available at SSRN: https://ssrn.com/abstract=1285779

Basil Al-Najjar (Contact Author)

University of London - School of Business, Economics and Informatics ( email )

Malet Street
Bloomsbury
London, WC1E 7HX
United Kingdom

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