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VOL. 8, ISSUE 1 (2022)
Analysis of dividend payouts of selected pharmaceutical companies in India
Authors
Vicky, Mool Chand
Abstract
Dividend payment play an important role in the market value of firm. As per Walter and Gordon model market value is affected by dividend policy of the company. In India pharmaceutical industry is growing industry in which companies has huge opportunities. The present study focus on dividend trends of pharmaceutical companies. The main objective of the study was to analyze the dividend trends of selected pharmaceutical companies. The study based on secondary data collected from 7 pharmaceutical companies through annual reports and Centre of Monitoring Indian Economy (CMIE). The time period of the study was 15 years from 2006 to 2020. For the analysis of dividend trends mean and coefficient of variation (CV) were applied. The study found that pharmaceutical companies paid low dividend to shareholders and most of the part of profits were retained. The study also found that there were fluctuations among dividend payments made by the companies. The study concluded that during study period dividend payouts of the companies were low and inconsistent and vary company to company.
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Pages:61-63
How to cite this article:
Vicky, Mool Chand "Analysis of dividend payouts of selected pharmaceutical companies in India ". International Journal of Commerce and Management Research, Vol 8, Issue 1, 2022, Pages 61-63
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