The aim of this study was to determine the response of
Jordanian companies Shares listed on the Amman Stock
Exchange to stock dividend announcements in Jordan, to
identify this impact in ASE, the researcher calculated the
average abnormal returns
of Jordanian companies that have
announced stock dividend during the announcement period
from the day 20 before announcement date to the day 20 after,
during the study period (2010 - 2006).