Maringa, ElijahWachira, David Muturi2024-05-082024-05-082016Maringa, E., And Wachira, M. (2016): Effects of Dividend Announcements on Stock Prices at Nairobi Securities Exchange. Research Journal of Finance and Accounting2222-1697 (Paper)2222-2847 (Online)https://repository.daystar.ac.ke/handle/123456789/4566Journal ArticleThe paper discusses the concept of efficient market hypothesis at Nairobi Securities Exchange. The research was carried out to investigate the effects of dividend announcements on stock prices at NSE in semi-strong form. Secondary data was collected and analysed from Nairobi Securities Exchange. It was concluded that Nairobi Securities Exchange is not efficient in semi-strong formensemi-strongefficient market hypothesisdividend announcementscumulative abnormal returnsArticle