The study on the Relationship between Dividend Distribution Signals and Stock Price

碩士 === 銘傳大學 === 資訊管理學系碩士在職專班 === 105 === Decision making of choosing investment subject for Taiwan Investors is affecting by long-term low deposit rates, as well as the dividends model of exchange listed companies.   The subject of this research is common stock in Taiwan during 2009 to 2013. Through...

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Bibliographic Details
Main Authors: LIN, ZONG-DE, 林宗德
Other Authors: CHU, MEI-CHEN
Format: Others
Language:zh-TW
Published: 2016
Online Access:http://ndltd.ncl.edu.tw/handle/7xqj9x
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Summary:碩士 === 銘傳大學 === 資訊管理學系碩士在職專班 === 105 === Decision making of choosing investment subject for Taiwan Investors is affecting by long-term low deposit rates, as well as the dividends model of exchange listed companies.   The subject of this research is common stock in Taiwan during 2009 to 2013. Through descriptive statistics and T-test mode to understand if Cash Dividend Yield, relations of Price-Earnings Ratio with net value of stock, as well as Quarterly Earnings growth rate with Revenue growth rate has major effect of stock price growth rate.   This study shows 3 results. First, comparing to whole stock market, stock price has better growth rate when it comes with cash dividend yield which is greater than 5%. Second, a stock with high dividend yield but also come with high price earning ratio and price book ratio, has worst stock price grow rate. Finally, a stock has the best price growth rate, usually comes with high cash dividend yield, quarterly earnings growth rate, and quarterly revenue growth rate.   Investors who wish to make a good fortune should invest a stock which comes with high cash dividend yield, quarterly earnings growth rate, and quarterly revenue growth rate.