PENGARUH PENGUMUMAN PEMBAGIAN DIVIDEN TERHADAP HARGA SAHAM SEBELUM DAN SESUDAH EX DIVIDEND DATE PADA KELOMPOK INDUSTRI MANUFAKTUR DAN JASA YANG TERDAFTAR DI BEI

Abstract

Based on the theory Efficiency Market Hypothesis, stock prices will react to the
information which the reaction took place in the days around the date exdividend
which is the date when the right to dividend for the year is released from its stake By
using different test research proposes, see sajauh where the effect of the
announcement of dividend distribution to the stock price before and after the exdividend
date, especially for groups of manufacturing industry and service industry.
Based on the background, theoretical basis, data analysis and hypothesis testing
results, it can be concluded in which the differences are stock prices before and
after the ex-dividend date on manufacturing companies. There are differences in
stock prices before and after the ex-dividend date on the group service company
specialized corporate banking services, which means the average stock price before
the ex-dividend date is greater than the average stock price after the ex-dividend
date, so it can be said to be the mean average stock price decline in the ex-dividend
date. Based on these results the first and second hypothesis in this study received.