Abstract:
The study aimed at assessing the impact of dividend policy on the share price volatility of
the firms listed at Dar es Salaam Stock Exchange (DSE) where dividend per share,
dividend yield and earning per share were advanced as study’s independent variables and
share price volatility as study’s dependent variable. The study adopted quantitative
research design involving correlation and descriptive design. The study utilized secondary
data over the sampled sample of four companies over the study period of 10 years (2013-
2024). The study utilized panel data and employed multiple linear regression model to
determine the relationship between dividend policy and share price volatility. The study
found that Dividend per share and Earning per Share have positive relationship with share
price volatility while Dividend Yield found to have negative relationship. The study's
author concludes that dividends per share are the single most significant variable in
determining the market value of publicly listed company stock. Therefore, business
owners who want to attract investors need to develop and implement strategies that will
improve their companies' bottom lines.
Keywords; Dividend policy, share price volatility, Dar es Salaam Stock Exchange (DSE)
