EFFECT OF DIVIDEND ANNOUNCEMENT ON SECURITY PRICES

The main purpose of conducting this research is to ex-ray THE EFFECT OF DIVIDEND ANNOUNCEMENT ON SECURITY PRICES in order to determine whether the Nigeria capital market is efficient and at what form of its efficiency. Many searchers have attempted to determine the efficiency from of Nigeria capital market. Empirical results observed from their research has tended to suggest that the efficiency from of Nigeria capital market is weak and others, in the semi- strong form. However very jew have attempted to analyze the effect of dividend announcement do have impact on stock priles. This observation to the best of my knowledge have not been reasonable or scientifically studied in Nigeria. Considering the jact that Nigeria capital market. Is under development assessing relevant information was discover pain staking there were no easy reliable published data on divided announcement as it is prevent in other advanced economic like USA limited period of time and unavailability of appropriate research facilities contribute their quota as hindrance to this research work.