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Volume & Issue no: Volume 4, Issue 3, March 2015

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Title:
Determinants of dividend policy: A study of sensex incorporated companies
Author Name:
Deepa Bisht, L. K. Singh, P. C. Kavidayal
Abstract:
ABSTRACT The study re-examine the association between the various factors that have bearing on the dividend decision of the firm on the basis of annual report of the companies list in BSE 200 for the period of 2009-2013 by using statistical methods. The purpose of this study is to present a model which would enable us to examine the effect of dividends in relation to profitability, beta rate, size, retained earnings, P/E and debt ratio. Findings of the study reveal that there is a direct relationship between dividend and profitability. However, the results also reveal that there is a reverse relationship of these factors (P/E, beta rate and debt ratio) with dividend. Furthermore, the results of the study show that there is no meaningful relationship between the dividend policy and a company’s size and rate of retained earnings. Key words:- Dividend policy, Profitability, Beta rate, Retained earnings, P/E.
Cite this article:
Deepa Bisht, L. K. Singh, P. C. Kavidayal , " Determinants of dividend policy: A study of sensex incorporated companies" , International Journal of Application or Innovation in Engineering & Management (IJAIEM) , Volume 4, Issue 3, March 2015 , pp. 175-181 , ISSN 2319 - 4847.
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