JBC Corp declared a dividend of $2 per share which was an increase of 25% from the prior year yet… 1 answer below »
JBC Corp declared a dividend of $2 per share which was an increase of 25% from the prior year yet JBC Corp stock declined by 3% the day of he announcement. The rbi group declared a dividend of $2 per share which was the same as the prior year and it's stock increased in value by 2% on the day of he announcement . These events could be most readily explained by the.
A. Information effect
B. Expectations theory
C. Clientele effect
D. Residual dividend theory