Volatility of security prices is a major area for many researchers and academicians. This study is conducted to find the effect of dividend announcement to share price, volume and securities deliverable for the period January 2013 to December 2015. This study focuses on CNX FMCG index. The selections criteria are based on that the companies should declare dividend announce for continuous three years and concentrated on final dividend only. The techniques used for the analysis are mean, standard deviation, t-test and p-value. This research resulted that in the long run, only two companies have significant impact of dividend announcement to security price, six companies found significant impact on volume trading and three companies found positive impact on deliverable securities and in the short run only one company have significant impact of dividend announcement on share price. © 2017, Institute of Advanced Scientific Research, Inc. All rights reserved.