سياسات توزيع الأرباح و أثرها في العائد الرأسمالي للسهم : دارسة تحليلية لعينة من شركات الأعمال الصناعية المسجلة في بورصة عمان للأوراق المالية

Abstract EN

The aim of this study is to analysis the effect of dividend policies in capitalist returner of stock, It depended on two main hypotheses showing the presence of a statistically significant relationship between dividend policies and capitalist returner of stock, but it different according to marginal variables of these policies and the presence of statistically significant effect between dividend policies and capitalist returner of stock that has a different degree of effects according to marginal variables of these policies.

This study depended on (the percentage of dividend per share, percentage of retained earnings share) as independent variables that reflects dividend policies, and capitalist returner of stock as accredited variables.

and these hypotheses were tested on a sample of business companies registered at Amman Stock Exchange and it included (30) industrial companies that had the dividend policy to share holders during the period (2001-2008).

To achieve the aims of this study an analytic system was conducted by using a group of financial tools that included financial percentages and statistical tools that included (Mean, Standard deviation, Correlation, Regression, Least square method, and Weighted least square method) (SPSS) was used for analysis.

The study has reached several conclusions: The most important of them were, there is a statistically significant relation between dividend policies and capitalist returner of stock, the presence of statistically significant effect of dividend policies and capitalist returner of stock.

Also the effect retained earnings share is more than the effect of dividend per share.

The study has reaches several recommendations: The most important of them were, the importance of the dividend policies because it is effect a good in capitalist returner of stock.