1 online resource (iii, 33 p.) : col. ill.Includes abstract and appendices.Includes bibliographical references (p. 32-33).This paper examines and analyzes the effect of the increase in dividend
announcements on the stock price on the Toronto Stocks Exchange, by selecting
50 firms from different sectors which announce increases in dividends during the
period of 2001 to 2010. The focus in this study is analyzing the effect of the event
in short periods of time (3 days, 7 days and 11 days). As expected, the study
finds that most firms have a positive relationship between the increase in
dividends and stock price. However, there was a negative relationship between
the stock price of some firms and the increase in dividends. In conclusion, this
study finds that the increase in dividend announcements does affect stock prices.
However, investors cannot make abnormal returns due to this event
