Impact of Dividend Policy on Capital Structure
Dissertation
AN EMPIRICAL STUDY
ON
IMPACT OF DIVIDEND POLICY ON
CAPITAL STRUCTURE
(A report submitted towards the partial fulfillment of the requirement of the two years full-time Post Graduate Diploma in Management.)
DECLARATION
I, student of Post Graduate Diploma in Management from hereby declare that I have completed dissertation on “IMPACT OF DIVIDEND POLICY ON CAPITAL STRUCTURE ” a part of the course requirement.
I further declare that the information presented in this project is true and original to the best of my knowledge.
Acknowledgement
It gives me immense pleasure to report successful completion of my dissertation entitled
“IMPACT OF DIVIDEND POLICY ON CAPITAL STRUCTURE”
It is my great privilege to express deep sense of gratitude to my faculty mentor for his sincere efforts, valuable guidance, amicable assistance and inspiration for the completion of my dissertation report.
Last but not the least, I wish to thanks GOD, and parents, as it was their blessings that it was able to conclude this dissertation report.
INDEX
1) Introduction 5
2) Management of Profits 8-14
Meaning of Management of Earnings
• Dividend Policy
Factors Determining Dividend Policy
• Types Of Dividend Policies
Limitations of Stable Dividend Policy
3) Factors Influencing Dividend Policy 14-36
4) Forms of Dividends -
5) Reasons or Objectives for Issuing the Stock Dividend -
• Stock Dividend (Bonus Share) and Stock Splits (Shares)
6) Research Objectives and Methodology 36 • Objective • Methodology
7) Findings & Analysis 40
8) Conclusion 45-52
9) Bibliography
AN EMPIRICAL STUDY
ON
IMPACT OF DIVIDEND POLICY ON
CAPITAL STRUCTURE
(A report submitted towards the partial fulfillment of the requirement of the two years full-time Post Graduate Diploma in Management.)
DECLARATION
I, student of Post Graduate Diploma in Management from hereby declare that I have completed dissertation on “IMPACT OF DIVIDEND POLICY ON CAPITAL STRUCTURE ” a part of the course requirement.
I further declare that the information presented in this project is true and original to the best of my knowledge.
Acknowledgement
It gives me immense pleasure to report successful completion of my dissertation entitled
“IMPACT OF DIVIDEND POLICY ON CAPITAL STRUCTURE”
It is my great privilege to express deep sense of gratitude to my faculty mentor for his sincere efforts, valuable guidance, amicable assistance and inspiration for the completion of my dissertation report.
Last but not the least, I wish to thanks GOD, and parents, as it was their blessings that it was able to conclude this dissertation report.
INDEX
1) Introduction 5
2) Management of Profits 8-14
Meaning of Management of Earnings
• Dividend Policy
Factors Determining Dividend Policy
• Types Of Dividend Policies
Limitations of Stable Dividend Policy
3) Factors Influencing Dividend Policy 14-36
4) Forms of Dividends -
5) Reasons or Objectives for Issuing the Stock Dividend -
• Stock Dividend (Bonus Share) and Stock Splits (Shares)
6) Research Objectives and Methodology 36 • Objective • Methodology
7) Findings & Analysis 40
8) Conclusion 45-52
9) Bibliography
Bibliography: During my project, I referred the following resources- www.nseindia.com www.bseindia.com www.moneycontrol.com Prowess Annual report of various companies