How to use signal hypothesis, free cash flow hypothesis and customer hypothesis to discuss the market reaction of stock excess return to dividend change?
The following chart shows the change in SIQ's stock in 2017 and the change in its interim dividend payout from 2016 to 2017
Please enter the name and ASX code of the company you are analyurtgroup Corporation SIQ Please enter the date that you are doing this analysis September 3th GICS Sector Industrials GICS Industry Group Commercial & Professional Services GICS Industry Commercial Services & Supplies Details of Dividend Event Identified Interim/Final Interim Dividend increase/ dividend decrease Dividend increase Event date (announcement date) 22/08/2017 Percentage of dividend changes 68. 37% 3-day stock return 3-day market index return 3-day access return Formulas HPR= (R2-R1) /R1 HPR=(R2-R1) /R1 Stock return- index return Forkings R1=$528 (2017/8/21) R1=$5, 780 (2017/8/21) 12. 46%-0. 22% R2=$593. 8 (2017/8/23) R2=$5, 792. 7 (2017/8/23) HPR= ($593. 8-$528) /$528 HPR= ($5, 792. 7-$5, 780) /$5, 780 Results 12. 46% 0. 22% 12. 24% 2-day stock return 2-day market index return 2-day access return Formulas HPR= (R2-R1) /R1 HPR= (R2-R1) /R1 Stock return- index return WorkingsR1=$532. 9 (2017/8/22) R1=$5, 804. 8 (2017/8/22) 11. 43%- (-0. 21%) R2=$593. 8 (2017/8/23) R2=$5, 792. 7 (2017/8/23) HPR= ($593. 8-$532. 9) /$532. 9 HPR= ($5, 792. 7-$5, 804. 8) /$5, 804. 8 Results 11. 43% -0. 21% 11. 64% Inputs - Part A (a) to (c) Inputs - Part A (e) Outputs - Part A (a) to (c) Outputs - Part A (e) + Smartgroup Corporation Ltd Market Cap Total Shares Quoted Last Close P $765m 132.8m $5.76 SIQ GICS Sector GICS Industry Group GICS Industry Trading Status: Trading Industrials Commercial & Commercial Listing Date: 02/07/2014 Professional Services Services & Supplies Print/Download Company Summary Full Report Share market data: as at 04/09/2020 Dividend History @ (Ordinary Dividends) | Download Spreadsheet Balance Dividend Cent Currency Franked Dividend Ex Books Close Pay Note Date Type Per Share Date Date Date 30/12/2020 Interim 17.00 AUD 100 01/09/2020 02/09/2020 16/09/2020 30/12/2019 Final 21.50 AUD 100 28/02/2020 02/03/2020 16/03/2020 30/12/2019 Interim 21.50 AUD 100 30/08/2019 02/09/2019 16/09/2019 30/12/2019 Special Cash 20.00 AUD 100 12/04/2019 15/04/2019 06/05/2019 30/12/2018 Final 21.00 AUD 100 28/02/2019 01/03/2019 15/03/2019 30/12/2018 Interim 20.50 AUD 100 13/09/2018 14/09/2018 28/09/2018 30/12/2017 Final 18.50 AUD 100 14/03/2018 15/03/2018 29/03/2018 30/12/2017 Interim 16.50 AUD 100 14/09/2017 15/09/2017 29/09/2017 30/12/2016 Final 15.00 AUD 100 14/03/2017 15/03/2017 31/03/2017 30/12/2016 Interim 9.80 AUD 100 14/09/2016 15/09/2016 30/09/2016 30/12/2015 Final 8.70 AUD 100 11/03/2016 15/03/2016 31/03/2016 30/12/2015 Interim 7.90 AUD 100 11/09/2015 15/09/2015 30/09/2015 30/12/2014 Final 6.10 AUD 100 11/03/2015 13/03/2015 31/03/2015
