ANALISIS REAKSI PASAR TERHADAP PENGUMUMAN PEMBAGIAN DIVIDEN TUNAI

This study aims to determine whether there are differences in the variable abnormal return and Trading Volume Activity before and after the announcement of cash dividend. The theory used in this study was Signalling Theory. The population is all companies listed on the Indonesia Stock Exchange, while the sample is a company that is in Kompas 100 Index with a total sample of 67 companies. Hypothesis testing using nonparametric methods Wilcoxon Signed Ranks Test with SPSS. Results obtained indicate that there is no significant difference in the average abnormal return before and after the announcement of results for the distribution of dividends and trading volume activity indicates that there are significant differences in the average trading volume activity before and after the announcement of dividend distribution.

Keywords: Abnormal Return, Trading Volume Activity, Dividend