Yes, dividend announcements can positively influence both short-term and long-term performance of ASX stocks. In the short term, a strong or increased dividend often boosts investor confidence, leading to a rise in share price due to perceived financial strength. Over the long term, consistent dividend payouts reflect a company’s stability and profitability, attracting income-focused investors. This reliability can enhance shareholder loyalty and support steady capital growth. Overall, dividend announcements serve as a positive signal of financial health and long-term value.