ADELANTE
Institutional Repository

This study examines the impact of the announcements of dividends on the volatility of the stock price of selected publicly listed companies in the Philippines in the year 2021. Using a sample of companies from various industries, this study examines the possible implications of dividend announcements on stock price volatility and any differences in impact among them. The study utilizes a descriptive-comparative analysis. The results indicate that announcements on dividends have no significant effect on the volatility of stock return and may be due to macroeconomic factors or company-specific news. The industry, investors' emotions, and company size may impact the correlation between the announcements of dividends and the volatility of stock returns. Greater volatility means that stock prices are changing rapidly, while lesser volatility implies that stock prices are calmer and more stable. These results provide implications for companies and investors, as they provide information about the companies' financial performance, which can lead to more informed investment decisions and increased confidence in the market.