The study shows that the p-value equals 0.000 *, which is less than 0.05 were accepted and declined h_0 h_1 mean dividend reduction from the previous year affects stock prices.
Study results showed that the value of P-Value is equal to 0.000 *, which is less than 0.05, so researchers reject H_0 H_1 and accepted means to declare a dividend, down from the year before, affect the price of securities.
The study shows that the P - Value is equal to 0.000 * which is less than 0.05 the research has rejected and accepted H H _ _ _ 1 0 means that the dividend payment at year-on-year decrease of impact stock prices.