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Ch_18Visit Us @ Management.umakant.info

Ch_18Visit Us @ Management.umakant.info

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Published by: welcome2jungle on Sep 17, 2010
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09/17/2010

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Chapter - 18
Dividend Policy
2
Financial Management, Ninth Edition © I M Pandey
Vikas Publishing House Pvt. Ltd.
Practical Consideration in Paying
Dividends

Financial Need of company.
Shareholders Expectations.
Closely / Widely Held Company.
Constraints on Paying Dividends.

Legal Restrictions
Liquidity
Borrowing Capacity
Access to the Capital Markets
Restrictions in Loan Agreements

3
Financial Management, Ninth Edition © I M Pandey
Vikas Publishing House Pvt. Ltd.
Stability of Dividends
Constant Dividend per Share or Dividend
Rate.
Constant Payout.
Constant Dividend per Share Plus Extra
Dividend.

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