Abstract
This paper examines the impact of dividend announcement on share price among the selected companies’ in Cement Industry in India. Cement is one of the key infrastructure industries in India. The Cement Industry in India plays a significant role in the country’s economic development which generates substantial revenue for the Central and State Government through sales taxes and excise duties. The recent boom in infrastructure and the housing market has boosted our Cement Industry as the world’s second largest producer. This study finds that majority of selected companies in cement industry shows that share price volatility is high in predividend announcement. The company wise analysis depicts that out of six companies in Cement Industry five companies have shown positive impact on the share price and only one company have shown negative impact on the share price towards post-dividend announcements.
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