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Impact of dividend policy on financial performance of listed companies

Show simple item record Padmashantha, K.G.D. 2015-11-13T04:17:06Z 2015-11-13T04:17:06Z 2015
dc.identifier.citation Padmashantha, K.G.D. 2015. Impact of dividend policy on financial performance of listed companies. Proceedings of the Undergraduates Research Conference, Department of Accountancy, University of Kelaniya, Sri Lanka. en_US
dc.description.abstract Dividends are payments made by a company to its shareholders from the profit made from operations. It represents the compensation for the shareholders delayed consumption. A firm’s dividend basically indicates the stability of the firm’s future cash flows. The dividend policy of a firm is determined by the firm’s financial leverage, the proportion of the total shares held by the insiders and the age of the firm (Nnadi, et al, 2011). Dividend decisions are important because they determine what funds flow to investors and what funds are retained by the firm for investment. The objective of this research is to assess whether there is an impact of dividend policy, to the financial performance. The sample of this research is the manufacturing firms in the Colombo Stock Exchange (CSE). For the research purpose the financial performance is measured based on Profit After Tax (PAT) and the dividend policy is measured by Dividend payout ratio, Return on Assets (RoA) Return on Equity (RoE). For the purpose of analysis of the sample secondary evidence is to be used which are obtained by the annual reports of past three consecutive years. These data is to be analyzed by using regression analysis. The expected conclusion of the research is that, the dividend policy and the financial performance has a positive relationship. en_US
dc.language.iso en en_US
dc.publisher Department of Accountancy, University of Kelaniya en_US
dc.subject Dividend policy en_US
dc.subject Financial performance en_US
dc.title Impact of dividend policy on financial performance of listed companies en_US
dc.type Article en_US

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