HOUSTON - The oldest surviving artificial Earth satellite, Vanguard 1, turned 50 years old on Monday â and continued to turn in its orbit, just as it has done since its launch at the dawn of the Space Age. The craft is in a high orbit that promises to be stable for centuries.
Companies use dividends to pass on their profits directly to their shareholders. Most often, the dividend comes in the form of cash: a company will pay a small percentage of its profits to the owner of each share of stock. However, it is not unheard of for companies to pay dividends in the form of stock.
The purpose of present study is to explore the effect of cash paid as dividend on share prices. Value relevance. of cash dividend announcement is tested on a sample of around100 corporate dividend announcements in. Karachi Stock Exchange (KSE), during the period of 2005 to 2009.