Dividend yield Essays & Research Papers

Best Dividend yield Essays

  • Dividend Yield and Common Equity
    otivationFM-II Assignment -1 Spring 2013 Cost of Capital Q1: Percy Motors has a target capital structure of 40% debt and 60% equity. The yield to maturity on the company’s outstanding bonds is 9% and the company tax rate is 40%. Percy’s CFO has calculated the company’s WACC as 9.96%. What is the company’s cost of common equity? Q2: Tunney Industries issued preferred stock at a price of $47.50 a share. The issue is expected to pay a constant annual dividend of $3.80 a share. What is the...
    724 Words | 3 Pages
  • dividend - 2052 Words
    Dividend policy is concerned with financial policies regarding paying cash dividend in the present or paying an increased dividend at a later stage. Whether to issue dividends, and what amount, is determined mainly on the basis of the company's unappropriated profit (excess cash) and influenced by the company's long-term earning power. When cash surplus exists and is not needed by the firm, then management is expected to pay out some or all of those surplus earnings in the form of cash...
    2,052 Words | 7 Pages
  • Dividend - 1891 Words
    TABLE OF CONTENTS List of Tables i List of Figures iv Abstract v Key Terms ix CHAPTER-1 Introduction 1.1 Introduction to Dividends 1 1.2 A Short History of Dividend Policy 6 1.3 Dividend Policy 9 1.4 Economic Rationale to Dividends 12 1.5 Dividend Policy and its Linkages with other Financial Policies 15 1.6 Pure Vs Smoothed Residual Dividend Policy 16 1.7 Dividend Declaration Process 17 1.8 Alternative Forms of Dividends 18...
    1,891 Words | 29 Pages
  • Dividend Policy - 3895 Words
     Dividend Policy: Clientele Effects and Signalling Model Literature Review Sharon Theresia 17132233 Corporate Finance 307 Singapore Campus Abstract Two of the most influential dividend policies are being reviewed and compared. in this paper, clientele effects and signalling model are two chosen policies. Findings implied that clientele is shaped by tax preferences of shareholders which in the end will determine companies’ ideal dividend policies. It is also believed that amount of paid...
    3,895 Words | 12 Pages
  • All Dividend yield Essays

  • Dividend Relevance - 5565 Words
    How accurate is the statement that “The dividend policy of a firm is irrelevant”. By Mr. George Ekegey Ekeha (MBA – Finance, MBA & BCom) (Lecturer in Corporate Finance & International Finance @ Regent University College of Science & Technology) Email: ekegey24ge@yahoo.co.uk March 2009 THIS PAPER IS PREPARED IN RESPONSE TO A RELEVANT QUESTION TO HELP STUDENTS TAKING CORPORATE FINANCE COURSE. No Part of This Thesis Is To Be Used For Any Purposes, Other Than Academic...
    5,565 Words | 18 Pages
  • Dividend Policy - 5103 Words
    An Empirical Analysis of Dividend Payout Policy Indian Corporate ABSTRACT In the present paper an attempt has been made to assess the dividend payout policies of Indian Companies. For the purpose of study BSE Sensex -30 companies have been selected as sample for the study. To study impact of profitability, liquidity and size of business on dividend payout regression analysis were carried out. An attempt has also been made to calculate estimated dividend payout based on regression...
    5,103 Words | 16 Pages
  • Dividend Policy - 6347 Words
    Internship Report on Dividend Policy of Uttara Bank Limited Prepared to Md. Rizvy Ahmed Lecturer Faculty of Business Administration Eastern University Prepared by Md. Aminul IslamSarker ID: 082200122 Batch: 16th Major in Finance group Bachelor of Business Administration (Spring semester2013) Mail Address: aminulefg@yahoo.com Eastern University Acknowledgement My first and foremost gratitude goes to Mr. ShuvoMondal, my supervisor at Jatrabari Branch of...
    6,347 Words | 34 Pages
  • Dividend Policy - 6456 Words
    Effects of Dividends on Stock Prices in Nepal Rabindra Joshi* Abstract This paper examines the impact of dividends on stock price in the context of Nepal. A majority of earlier studies conducted in developed countries show that dividend has a strong effect than retained earnings. The study examines whether this is consistent in the context of Nepal (or not) and the implication particularly to the banking and non-banking sector. To achieve the objective of the study, a descriptive and analytical...
    6,456 Words | 17 Pages
  • Dividend Policy - 1334 Words
    Learning Zone (Relevant to Paper II – PBE Management accounting and finance) Simon S P Lee, The Chinese University of Hong Kong Dividend Policy Bank distributed a $6.30 dividend per share in 2008. If you purchased shares in Hang Seng Bank at $87 per share, the company’s dividend yield was 7.2% ($6.30/$87) which is much higher than the bank deposit rate. Dividend payout ratio is another important indicator: Dividend payout ratio = Dividend per share ÷ Earnings per share Dividend...
    1,334 Words | 4 Pages
  • dividend policy - 2601 Words
    THE ROLE OF DIVIDEND POLICY IN STOCK PRICE DETERMINATION IN TELECOMMUNICATION INDUSTRY: THE CASE OF PLDT AND GLOBE FATIMA KAYE A. DE CHAVEZ, LORELLA A. ESPELETA and LESLIE JOY A. PATIO College of Business and Accountancy University of Batangas ABSTRACT The issue of how much a company should pay its stockholders, as dividend is one that has been of concern to managers for a long time. The optimal dividend policy of a firm may be defined as the best dividend payout ratio the firm can...
    2,601 Words | 11 Pages
  • Dividend Policy - 2184 Words
    A: Description of dividend policy Dividend policy is an important issue for all top management in every year because company need to make decision about paying the dividend or not and how much of the dividend per share. It means that company may not pay the dividend because it wants to keep more capital to develop the new plans or hope company can have enough money to handle the future problems. On the other hand, company may think that it need to pay the dividend to the shareholders every...
    2,184 Words | 6 Pages
  • Dividend Policy - 2470 Words
    Dividend Policy Dividend policy Executive summary Once a company makes a profit, they must decide on what to do with those profits. They could continue to retain the profits within the company, or they could pay out the profits to the owners of the firm in the form of dividends. Once the company decides on whether to pay dividends, they may establish a somewhat permanent dividend policy, which may in turn affect investors and perceptions of the company in the financial...
    2,470 Words | 9 Pages
  • Dividend Policy - 1959 Words
    Dividend Theory 1. Discuss the factors which may impact on a firm’s dividend policy? .Industry and Company Variations Payout ratios vary amongst different industries e.g. firms within the telecoms and utilities sectors may typically payout around 60% of earnings in dividends, whilst retailers and computer software companies may typically payout around 20% of earnings in dividends Legal Constraints 1. Legal constraints can be viewed in the context of three broad...
    1,959 Words | 7 Pages
  • Dividend Policy - 7015 Words
    january 2011 Dividends: The 2011 guide to dividend policy trends and best practices Published by Corporate Finance Advisory For questions or further information, please contact: Marc Zenner marc.p.zenner@jpmorgan.com (212) 834-4330 Tomer Berkovitz tomer.x.berkovitz@jpmorgan.com (212) 834-2465 John Clark john.hs.clark@jpmorgan.com (212) 834-2156 Evan Junek evan.a.junek@jpmorgan.com (212) 834-5110 DiviDEnDs: ThE 2011 GuiDE To DiviDEnD poliCy TrEnDs anD BEsT praCTiCEs | 1 1....
    7,015 Words | 26 Pages
  • Dividend Policies - 12438 Words
    ABSTRACT The dividend Decision is one of the core elements of modern corporate financial management. A reasonable dividend Decision will help the company in the capital markets and establish a good corporate image for the company's long-term development and create favorable conditions for the listed company's financial decision-making, dividend Decision has a positive significance. Appropriate dividend distribution Decision can not only set a good corporate image, but also to build the...
    12,438 Words | 39 Pages
  • Theories of Dividend - 1063 Words
    App13A_SW_Brigham_778322_R2 12/24/02 5:14 AM Page 13A-1 13A ILLUSTRATION OF THE THREE DIVIDEND POLICY THEORIES Figure 13A-1 illustrates the three alternative dividend policy theories: (1) Miller and Modigliani’s dividend irrelevance theory, (2) Gordon and Lintner’s bird-in-thehand theory, and (3) the tax preference theory. To understand the three theories, consider the case of Hardin Electronics, which has from its inception plowed all earnings back into the business and thus has never...
    1,063 Words | 6 Pages
  • Dividend Policy - 5995 Words
    International Research Journal of Finance and Economics ISSN 1450-2887 Issue 80 (2011) © EuroJournals Publishing, Inc. 2011 http://www.internationalresearchjournaloffinanceandeconomics.com An Empirical Study on the Determinants of Dividend Policy in the UK Badar Khalid Al Shabibi Faculty, Accounting & Finance, Department of Business Studies Ibra College of Technology, Sultanate of Oman E-mail: baderkh14@hotmail.com Tel: +968-95142254; Fax: +968-25587950 G Ramesh Faculty, Accounting &...
    5,995 Words | 18 Pages
  • Dividend Policy - 4729 Words
    THE EFFECT OF DIVIDEND POLICY ON THE MARKET PRICE OF SHARES IN NIGERIA: CASE STUDY OF FIFTEEN QUOTED COMPANIES By Dr. J. J. Adefila Department of Accountancy, University of Maiduguri, Dr. J. A. Oladipo and J.O Adeoti, Both of the Department of Business Administration, University of Ilorin ABSTRACT The issue of how much a company should pay its stockholders, as dividend is one that has been of concern to managers for a long time. The optimal dividend policy of a firm may be defined as the...
    4,729 Words | 13 Pages
  • Dividend Policy - 4977 Words
    BY: WAFAA OMAI ADVANCED FINANCAIL MANAGEMENT The purpose of this paper is to help management must decide on the form of the dividend distribution, generally as cash dividends or via a share buyback. Various factors may be taken into consideration: where shareholders must pay tax on dividends, firms may elect to retain earnings or to perform a stock buyback, in both cases increasing the value of shares outstanding. Alternatively, some companies will pay "dividends" from stock rather than in...
    4,977 Words | 15 Pages
  • Dividend Decision - 2110 Words
    Financial Management Unit 15 Unit 15 Structure 15.1 Introduction 15.2 Traditional Approach 15.3 Dividend Relevance Model 15.3.1 15.3.2 Walter Model Gordon’s Dividend Capitalization Model Dividend Decision 15.4 Dividend Irrelevance Theory: Miller and Modigliani Model 15.5 Stability of Dividends 15.6 Forms of Dividends 15.7 Stock Split 15.8 Summary Terminal Questions Answers to SAQs and TQs 15.1 Introduction ...
    2,110 Words | 5 Pages
  • How To Calculate Preferred Dividends
    How to Calculate Preferred Dividends Preferred stock (or preference shares) is a special class of stock that pays a fixed dividend set at the time of issuance. Also, preferred dividends must be paid before common stock dividends. To calculate the dividends for preferred stocks, you need to multiply the par value of the shares by the dividend percentage. Example 1: If the dividend percentage is 8 percent and the preferred stock was issued at $20 per share, then the annual dividend is: 8% * $20...
    3,276 Words | 19 Pages
  • Dividend Discount Model - 4288 Words
    Financial Market Revision Question 1 Performance Evaluation Calculation Discursive 20% 80% Question 2 Dividend Valuation Model 45% 55% Question 3 Option strategies Straddles 80% 20% Question 4 Duration and convexity –Price – yield relationship 30% 70% Question 5 Option and Futures -mixed N/A 100% Question 6 CAPM 40% 60% Dividend Discount Models 1. The intrinsic value, denoted V0, of a share of stock is defined as the present value of all cash payments to the investor in the stock, including...
    4,288 Words | 12 Pages
  • Analysis of Dividend Policy - 2523 Words
    Xavier institute of social service,Ranchi ANALYSIS OF DIVIDEND POLICY OF HERO MOTO CORP & TVS MOTOR . By Anand Shankar Prity sagar Geeta shree pingua Hero Motocorp Ltd., formerly Hero Honda, is an Indian motorcycle and scooter...
    2,523 Words | 8 Pages
  • Paper Presentation on Dividend Policy
    Paper Presentation on Dividend Theory (a theoretical review) 9 Presented by: |ABDULMUMIN, Biliqees Ayoola |UIL/PG2012/105873 | |ADEJARE, Rukayat Bukola |UIL/PG2012/104601 | |AMUJO, Emmanuel Temitope |UIL/PG2012/103958...
    6,421 Words | 30 Pages
  • Signaling Approach on dividend policy
    Signaling Approach on dividend policy Introductory Paragraph The title of the article that I have chosen is “The Information Content of Dividends- A Signaling Approach” which was written by Sasson Bar-Yosef and Lucy Huffman. It is a journal of Financial And Quantitative Analysis, Volume 21 Number. 1. The date of publication was on 1 March 1986. Summary of the Article The purpose of this article is to do the investigation and analysis to see how a corporation makes the decisions of dividend...
    853 Words | 3 Pages
  • Dividend Theories and Their Arguments
    International Bulletin of Business Administration ISSN: 1451-243X Issue 9 (2010) © EuroJournals, Inc. 2010 http://www.eurojournals.com Dividend Policy: A Review of Theories and Empirical Evidence Husam-Aldin Nizar Al-Malkawi Corresponding Author, Faculty of Business, ALHOSN University P.O. Box 38772 - Abu Dhabi, UAE E-mail: h.almalkawi@alhosnu.ae Michael Rafferty Senior Research Analyst, WRC, University of Sydney, Australia E-mail: m.rafferty@econ.usyd.edu.au Rekha Pillai Faculty of...
    19,059 Words | 53 Pages
  • Case For Exam Dividend Policy
    Dividend Policy FPL Group Inc Financial Management - I Group 11 Kinnari 20121026 | Krutika P 20121028 | Tushar 20121058 | Vijay 20121062 Agenda  Case Background  Decision Rationale  Financial Analysis Reflection and conclusion Financial Management – I | Dividend Policy at FPL Group Inc. Case Backgound Synopsis Current Situation Case Description Recommendation Competitive Position Financial Management – I | Dividend Policy at FPL Group Inc. Background behind FPL’s decision in...
    1,192 Words | 7 Pages
  • Stability of Dividends in India - 10549 Words
    NSE Research Initiative, Project Report no. 229 / 2009 Determinants and the Stability of Dividends in India: Application of Dynamic Partial Adjustment Equation using Extended Instrumental Variable Approach Dr. Manoj Subhash Kamat Dr. Manasvi Manoj Kamat Summary This paper improves on earlier research on stability and determinants of dividend policies by using a more advanced estimation methodology, a larger and more representative sample of panel data (PD), and different proxies for a...
    10,549 Words | 33 Pages
  • Dividend Policy Trends - 23401 Words
    Dividend Policy of Indian Corporate Firms: An Analysis of Trends and Determinants Dr. Y. Subba Reddy1 The present study examines the dividend behavior of Indian corporate firms over the period 1990 – 2001 and attempts to explain the observed behavior with the help of trade-off theory, and signaling hypothesis. Analysis of dividend trends for a large sample of stocks traded on the NSE and BSE indicate that the percentage of companies paying dividends has declined from 60.5 percent in 1990 to...
    23,401 Words | 73 Pages
  • Dividend Policy at Fpl - 820 Words
    DIVIDEND POLICY AT FPL GROUP, INC. (Case report) Subject: Dividend Policy at FPL Group, Inc. Problem: Should Kate Stark revise her current investment recommendation of “hold” on FPL’s stock to her clients? Options: 1) To change her “hold” recommendation to a “buy” recommendation 2) To change her “hold” recommendation to a “sell” recommendation 3) Remain unchanged; continue with the “hold” recommendation Recommendation: Table of Contents Overview 3 Analysis 4 Overview In...
    820 Words | 3 Pages
  • Dividend Policy Determinants - 1747 Words
    Past related study This part of the article review contains a brief review of dividend theories along with the major empirical evidence for and against the dividend theories, a brief summary of the results of empirical analysis of determinants of dividend policy by country. Theoretical and empirical backgrounds of the article cover the last fifty years research outcomes on firm value and dividend policy of the firm. Summarizing all these works, there are three dominating views. The first,...
    1,747 Words | 5 Pages
  • Factors of Bank Dividend Policy
    The current issue and full text archive of this journal is available at www.emeraldinsight.com/0307-4358.htm Explanatory factors of bank dividend policy: revisited John Theis and Amitabh S. Dutta D. Abbott Turner College of Business, Columbus State University, Columbus, Georgia, USA Abstract Purpose – The purpose of this paper is to examine the Dickens et al. model of bank holding company dividend policy. They identified five explanatory factors in a sample of bank holding companies...
    4,268 Words | 14 Pages
  • Dividend Policy Theories - 703 Words
    Question 1: There are a number of theories regarding the relevance of dividend policy-discuss these theories. In what situations might management decide to increase dividends? Dividend Irrelevance Theory Much like their work on the capital-structure irrelevance proposition, Modigliani and Miller also theorized that, with no taxes or bankruptcy costs, dividend policy is also irrelevant. This is known as the dividend-irrelevance theory, indicating that there is no effect from dividends on a...
    703 Words | 3 Pages
  • Does a dividend policy matter?
    INTRODUCTION That report is a detailed review of dividend policy and whether or not could affect the market value of the company. When companies make profits, managers have to decide either to reinvest those profits for the good of company or either they could pay out the owners (shareholders) of the firm in dividends. Once they decide to pay dividends they may possibly establish a permanent dividend policy, which is the set of guidelines a company uses in order to decide how much of its...
    1,574 Words | 5 Pages
  • Effect of Dividend Policies - 1970 Words
    Introduction The optimal dividend policy of a firm depends on investor’s desire for capital gains as opposed to income, their willingness to forgo dividend now for future returns, and their perception of the risk associated with postponement of returns. However any normative approach to dividend policy intended to be operative under real world conditions should consider the firms investment opportunities, any preferences that investors have for dividends as opposed to capital gains and...
    1,970 Words | 6 Pages
  • Dividend Practices Of Commercial Banks
    DIVIDEND PRACTICES OF COMMERCIAL BANKS AND ITS IMPACT ON STOCK PRICE By MAHIM BHATTARAI Shanker Dev Campus T.U. Regd. No. : 7-1-48-1494-2000 Campus Roll No. : 1889/062 A Thesis Submitted to: Office of the Dean Faculty of Management Tribhuvan University In partial fulfillment of the requirement for the Degree of Master of Business Studies (M.B.S) Kathmandu, Nepal July, 2009 RECOMMENDATION This is to certify that the Thesis Submitted by: MAHIM BHATTARAI Entitled: DIVIDEND...
    46,484 Words | 321 Pages
  • Dividend Policy at Fpl - 1497 Words
    1) Miller and Modigliani, the middle-of-the-roaders, opined that dividend policy has no effect on a firm’s value in a perfect and efficient capital market. The rightist believed that dividend payout increases the value of a firm; the leftist said that if taxes on dividend are higher than capital gains then companies should pay the lowest dividend policy and concentrate on capital appreciation; also that companies should use instead those monies to invest for growth and development that...
    1,497 Words | 4 Pages
  • The Determinants of Corporate Dividend Policy
    The Determinants of Corporate Dividend Policy A dividend decision of a firm is an outcome of various considerations. These considerations differ across time and industry. The present study re-examines various factors that have a bearing on the dividend decision of a firm by using a two-step multivariate procedure. First factor analysis is performed on the data to extract prominent factors from various variables and then multiple regression is conducted on such factors. Results of factor...
    5,436 Words | 29 Pages
  • Dividend Policy at Fpl Group
    Dividend Policy at FPL Group FPL Group Overview: The FPL Group was Florida’s largest electric utility group and the fourth largest in America. The FPL Group had annual revenues of exceeding $5 billion. Florida Power & Light Company, the main subsidiary of the FPL Group had 3.9 million customer accounts and covered a service area that included six of America’s ten fastest growing metropolitan areas. a. Summarize the key elements of FPL’s financial policy and compare it with other...
    1,134 Words | 4 Pages
  • Corporate dividend payout policy
    Journal of Banking & Finance 27 (2003) 1297–1321 www.elsevier.com/locate/econbase Corporate governance, dividend payout policy, and the interrelation between dividends, R&D, and capital investment Klaus Gugler * Department of Economics, University of Vienna, WP No. 9803, Br€nnerstrasse 72, 1210 Vienna, Austria u Received 12 October 2000; accepted 5 November 2001 Abstract This paper investigates the relationship between dividends and the ownership and control structure of the...
    11,976 Words | 62 Pages
  • journal critque on dividend policy
    Universiti Teknologi Mara Cawangan Sarawak Individual Assignment Journal Critique on Dividend Policy Executive Master in Business Administration 2014 Prepared by: MOHAMAD NOR BIN ANNUAR (2013467872) The first report entitled “Dividend Policy Decisions” by Dr. Gurdeep Chawla is a report based on past research that seeks to describe dividend theories, dividend policies and the factors that managers consider important in formulating those policies. While the second report is entitled...
    1,736 Words | 6 Pages
  • Summary of Literature Review on Dividends
    Assignment 1 Examined topic or field of the literature review article The article is called Dividend policy: A review of Theories and Empirical Evidence. In this article, the main theories on dividend policy are described and their credibility is evaluated. Connection between the reviewed paper and my research proposal According to my research proposal, the master thesis topic will be “Comparative analysis of companies’ dividend policy: international perspective”. Therefore, the...
    2,161 Words | 7 Pages
  • Dividend Policy of Telus - 940 Words
    Current Dividends Policy Assessment “Having a clear dividend growth model targeting two dividend increases per year to 2013 of circa 10% annually subject to the TELUS Board’s assessment and determination” (Telus) Telus’s current dividend policy is to continue with its forward-looking dividend growth plan until at least the year of 2013. The plan is aimed to achieve two dividend increases per year with an annual growth rate of 10%. Of the two companies, Telus has a higher-than-industry...
    940 Words | 3 Pages
  • Trend of Dividends Policy in Nigeria
    DIVIDEND POLICY AND SHAREHOLDERS WEALTH MAXIMIZATION: A STUDY OF SELECTED QUOTED FIRMS ON THE NIGERIA STOCK EXCHANGE (NSE) BY ABDULLAHI BASHIR MUHAMMED DEPARTMENT OF BANKING AND FINANCE FACULTY OF MANAGEMENT SCIENCE UNIVERSITY OF Abuja PHONE NO: 08065727548, E-MAIL: Bash7th@yahoo.com ISMAILA DADDY ABUBAKAR DEPARTMENT OFECONOMICS UNIVERSITY OFABUJA PHONE NO: 08030596520 E-MAIL: abu4rim@yahoo.com AHMED TIJANI ABDULMAJEED DEPARTMENT OF ECONOMICS...
    6,528 Words | 23 Pages
  • Determinates of Dividend Policy Apple
     Contents Introduction 2 Theories and Determinants of Dividend Policy (Section 1) 2 Tax and Clienteles Theory 2 Free cash flow and the Agency Theory 3 Growth and The Lifecycle theory 4 Firm size 5 Information Asymmetry and Signaling theory 5 Risk and the Bird in hand theory 7 Profitability 8 Conclusion 9 Analysis of Apple and Dell Dividend Policy (Section 2) 9 Apple Inc. 9 Dell Inc. 11 Conclusion 13 Reference 14 Introduction In a private firm, after a period of business activity the owner of...
    4,738 Words | 11 Pages
  • Dividend Policy and Its Impact on Stock Price
    Effect Of Dividends On Stock Prices 1 EFFECT OF DIVIDENDS ON STOCK PRICES Effect of Dividends on Stock Prices– A Case of Chemical and Pharmaceutical Industry of Pakistan Kanwal Iqbal Khan University of Central Punjab, Lahore Proceedings of 2nd International Conference on Business Management (ISBN: 978-969-9368-06-6) Effect Of Dividends On Stock Prices 2 Abstract In Pakistan corporate sector is adversely facing competition due to economic downturn in the world and making...
    6,183 Words | 22 Pages
  • Distributions to Shareholders Dividends and Share Repurchases
    CHAPTER 14: DISTRIBUTIONS TO SHAREHOLDERS: DIVIDENDS AND SHARE REPURCHASES 1. The optimal distribution policy strikes that balance between current dividends and capital gains that maximizes the firm's stock price. a. True b. False ANSWER: True 2. Other things held constant, the higher a firm's target payout ratio, the higher its expected growth rate should be. a. True b. False ANSWER: False RATIONALE: The higher the payout ratio, the less of its earnings the firm reinvests in the...
    7,642 Words | 38 Pages
  • Dividend Policy and Share Market Price
    FM ASSIGNMENT A PROJECT REPORT ON Share price- A function of Dividend Policy or not SUBMITTED BY: RAHUL ARORA (96) RAIZA SIDEQUEE (97) RAJMOHAN (98) MOZZAM RANGWALA (99) RASHI JAIN (100) About HPCL HPCL is a Fortune 500 company, with an annual turnover of Rs. 1,08,599 Crores and sales/income from operations of Rs 1,14,889 Crores (US$ 25,306 Millions) during FY 200910, having about 20% Marketing share in India and a strong market infrastructure. HPCL operates 2 major refineries...
    2,215 Words | 8 Pages
  • Two Stage Dividend Discount Model
    The Dividend per share for 2013 and 2016 are given on Value Line. The dividend growth for the years in between is calculated as follows: |Dividend ‘13 |.14 | |Dividend ‘14 |.15 | |Dividend ‘15 |.17 | |Dividend ‘16 |.18 | .18 - .14 = .04; .04/3 = .0133 In order to calculate Value using the 2 stage Dividend Discount Model we must calculate the market capitalization...
    327 Words | 2 Pages
  • Dividend Policy at Fpl Group, Inc.
    FPL – An Overview FPL Group, Inc. is Florida's largest electric utility company. In 1925, through the consolidation of numerous electric and gas companies, they formed Florida Power & Light Company (FP&L). FP&L grew steadily over the next 50 years until rising fuel costs, operating issues, and construction costs began to decrease profitability. In the mid-1980s, FPL diversified with four major acquisitions - Colonial Penn Life Insurance Company, Telesat Cablevision, Inc., CBR Information...
    2,969 Words | 9 Pages
  • Dividend Policy at Fpl Group, Inc.
    Question 1 We believe that Ms Stark should not revise her recommendation regarding FPL. The HOLD recommendation seems to be the most appropriate. Our judgement assumes a dividend cut from FPL. However, this dividend cut would be a precise strategic choice rather than one dictated by financing difficulties. Specifically, the dividend cut will raise future growth, with little effect on the stock price. By cutting dividends, FPL can react better to future threats. After an initial panic selling...
    1,588 Words | 4 Pages
  • Capital Structure and Dividend Policy Analysis
    An Appraisal of Dividend Policy and Capital Structure of Apex Tanneries Limited 1. Company Profile Apex tanneries has been setting standard in Bangladesh leather export industry since 1976.equiped with the state of the art Italian modern machinery and maintaining high quality strictness. Through the years its production has been progressively entailing a constant expansion of building and machinery .Annual production exceeds 23 million square meters and company sales turnover amount to...
    2,464 Words | 10 Pages
  • Impact of Dividend Policy on Capital Structure
    Methodology: SOURCE OF DATA: Database Dividend payment pattern of all IT companies that are listed for trading on one of the two major exchanges namely National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) during the period 2004-2008 (I refer each year henceforth with the end year i.e., for 2004-2005 to 2005) are employed for analysis. The data has been sourced from Prowess database of the Centre for Monitoring Indian Economy (CMIE). For the purpose of this study,only final dividend...
    574 Words | 2 Pages
  • 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...
    10,020 Words | 40 Pages
  • Impact of Dividend Policy on Shareholders Wealth
    IMPACT OF DIVIDEND POLICY ON THE MAXIMIZATION OF SHAREHOLDERS WEALTH. BY LASISI TIRIMISIYU KUNLE REG NO: U08AC1128 Being A Research Project Submitted To The Department Of Accounting, Faculty Of Administration, Ahmadu Bello University Zaria, In Partial Fulfillment Of The Requirements For The Award Of Bachelor Of Science (B.Sc) In Accounting DEPARTMENT OF ACCOUNTING FACULTY OF ADMINISTRATION AHMADU BELLO UNIVERSITY, ZARIA JULY, 2012 TABLE OF CONTENT CHAPTER ONE: INTRODUCTION 1.1...
    11,527 Words | 35 Pages
  • Distributions to Shareholders: Dividends and Share Repurchases
    CHAPTER 14 DISTRIBUTIONS TO SHAREHOLDERS: DIVIDENDS AND SHARE REPURCHASES (Difficulty: E = Easy, M = Medium, and T = Tough) Multiple Choice: Conceptual Easy: Dividends versus capital gains Answer: d Diff: E [i]. Myron Gordon and John Lintner believe that the required return on equity increases as the dividend payout ratio is decreased. Their argument is based on the assumption that a. Investors are indifferent between dividends and capital gains. b....
    8,840 Words | 34 Pages
  • Determinants of dividend policy the case of Vietnam
    International Journal of Business, Economics and Law, Vol. 1 ISSN 2289-1552 2012 DETERMINANTS OF DIVIDEND POLICY: THE CASE OF VIETNAM Nguyen Thi Xuan Trang Accounting Department Da Nang University of Economics 71 Ngu Hanh Son Street, Ngu Hanh Son District, Da Nang City, Vietnam Email: trangatax@gmail.com , Tel: (+84) 0 914 745 649 ABSTRACT There were several researchers who investigated dividend policy in developed countries like the USA (Chang and Rhee, 1990), the UK (Al-Najjar...
    6,609 Words | 31 Pages
  • Impact of Dividend Policy on Companies’ Performance
    IMPACT OF DIVIDEND POLICY ON COMPANIES’ PERFORMANCE: EVIDENCE FROM PUBLIC LISTED COMPANIES IN MALAYSIA 1.0 INTRODUCTION Dividend policy is the regulations and guidelines that a company uses to decide to make dividend payments to shareholders. Dividends are payments made to stockholders from a firm's earnings, whether those earnings were generated in the current period or in previous periods. When a company makes a profit, they must decide on what to do with those profits. They could...
    3,404 Words | 13 Pages
  • Dividend Policy at Fpl Group, Inc.
    Problem Kate Stark, the electric utilities analyst at First Equity Securities Corporation was faced with a decision involving FPL Group on May 5, 1994. Three weeks earlier, she had valued FPL with a “hold” recommendation due to the belief that FPL would either keep its dividend payout at $2.48 or increase it slightly. Today however, she saw a report from Merrill Lynch stating that they were downgrading FPL stock due to management’s concern that the dividend payout was too high given the...
    3,960 Words | 10 Pages
  • Dividend Policy Link Bewteen Theory & Practice
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