Capital markets and stocks that pay dividends

The objective of this study was to identify whether the level of knowledge people on the capital market interferes in the process of making an investment decision. The Brazilian stock market is proving a new phase, mainly due to the pension reform that expanded the retirement age, the lower basic interest rate of the historical series, which was 5% per year in November 2019 and the announcement of privatizations in the sectors of infrastructure, these events contributed to the Stock Market 'B3' to reach 108,290 points in November 2019, the largest historic brand. In this study, two hypotheses were formulated, and H0 = rejects that the level of knowledge on the market of variable income changes to decision-making, H1 = It is accepted that the level of knowledge on the market of variable income changes to decisionmaking. To collect the information, it was applied a questionnaire with closed questions 5. Were obtained 273 valid responses. We applied the test of Pearson's Chi-squared test with a significance level of 5%. After this, in questions 4 and 5, it was applied the annotated paraconsistent logic to analyze the heuristic process of decision-making, confirming or denying the hypotheses. The results indicate that the level of knowledge interferes in decision-making and investors with a good level of understanding of the market, invest in shares of companies, since investors with regular understanding or who do not know, are in the field of doubt, indicating that do not invest with frequency or simply do not invest in shares