for the clever ones, page-5

Dividends do not affect share price directly. Shares are valued by their future earning potential. Dividends are paid according to the companies' dividend payout ratio. A company can paid 100% of its after tax profit or 0% or anything in between. If APG has a 50% payout ratio and it pays 1c dividends, then its after tax profit would be 2c per share. Now you need to estimate the earning potential of APG, will it make more money the next year? and the next ...? If you have determined the future earning is 5c per share, multiply that by a PE ratio you will get the value of the share price. That is what those stock analysts do for a living.

If you are too lazy or do not have enough information to do the estimates, you can take a look at the current share price which is the market's view of the future earning potential of the stock and its PE.