A Study on Determinants of Dividend Behaviour of Selected Banking Companies in India

Vol-3 | Issue-01 | January 2018 | Published Online: 10 January 2018    PDF ( 471 KB )
Author(s)
Dr. S. Sounthiri 1; Dr. V. Mohanraj 2

1Assistant Professor in Commerce (CA), Vellalar College for Women, Erode (India)

2Associate Professor in Commerce, Sri Vasavi College, Erode (India)

Abstract

This study examines the Corporate Dividend Behaviour in the Indian context through Lintner’s dividend model, Brittain’s Cash Flow Model, Btittain’s Explicit Depreciation model and the impact of a liquidity and leverage as determinants of dividend policy with profit after tax and depreciation. The study covers period of 15 years from 1998-99 to 2012-13. From the analysis, it can be concluded that profit after tax, lagged dividend and cash flow has significant impact on the dividend policy of Indian banking industry.

Keywords
Dividend Pay-out, Lagged Dividend, Cash Flow, Depreciation and Net Profit after Tax
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