A

Research Project
On
“A Study on factors determining the dividend payment of selected

companies in telecommunication sector i.e. Bharti Airtel, Tata

communication, & MTNL for last five years from (2008-2012)”

Under Guidance from: Submitted By:

Name:pinki
Ms. Ginnisyal
Fathers Name: Mr. Ramphalsingh
Assistant Professor Roll No: 1161/11
Univ. Regn. No: 08-dgy-438
Deptt. Of Management
Univ. Roll no.

Tilak Raj Chadha Institute of Management and Technology (TIMT))

(Affiliated to KurukshetraUniversity, Kurukshetra & Approved by AICTE)
M.L.N.College Educational Complex, Yamuna Nagar-135001 (Haryana)
Ph. 01732-220103, 234110. Fax: +91 -1732- 220103.
E-mail: info@timt.ac.in , Web Site: www.timt.ac.in
 DECLARATION

I Pinki, Roll No. 1161/11, MBA (Semester 4th) of the Tilak Raj Chadha
Institute of Management and Technology, Yamuna Nagar hereby declare that the
Project Report entitled “A Study on factors determining the dividend

payment of selected companies in telecommunication sector i.e. Bharti

Airtel, Tata communication, & MTNL for last five years from (2008-
2012).”Itis an original work and data provided in the study is authentic to the best of my
knowledge.This report has not been submitted to any other Institute for the award of any
other degree.

pinki
 ACKNOWLEDGEMENT
Gratitude is hardest of emotions to express and often does not find adequate words to convey
what one feels. The researcher is extremely grateful to TIMT, Yamuna Nagar for giving her the
opportunity to conduct the research and the help provided to complete the research report.
At the outset, the researcher would take this excellent opportunity to render his sincere gratitude
to Dr. Vikas Daryal, Director, TIMT Yamuna Nagar for his kind assistance in the successful
completion of the synopsis.
The researcher pays his hearty thanks to Mrs. VandanaMadaan, H.O.D, TIMT, and Yamuna
Nagar for her pinpoint guidance. Her enthusiastic collaboration with sustained interest made it
possible to undertake and complete this project.
He is very thankful to his mentor, Ms. Ginnisyal, Assistant Professor, TIMT, Yamuna Nagar
for her full cooperation and support where and when needed during the research.
The deepest gratitude is also expressed to all those persons who supported the researcher all
through the project and has left a long lasting impression that will influences the project and his
behavior for all times to come.
 TABLEOF CONTENTS page no.

1. Introduction
 Companies profile
 Introduction to Topic
2. Theoretical Framework
a. Construct
b. Independent and Dependent Variables
3. Literature survey
4. Research Objectives
5. Research Methodology
a. Research Design
i. Type of Research Design
ii. Time Horizon
iii. Study Setting
b. Flowchart for selection of statistical tools
c. Hypothesis Development and Testing
d. Sample and Sampling Design
e. Data Collection
f. Statistical Tools
g. Limitations of the Study
6. Results and Findings
7. Policy Implication
8. Recommendations
9. Bibliography
10. Annexure
Annexure I - Balance sheet&profit and loss A/C
Annexure II - Books
Annexure III- journal / magazines
Annexure IV- Snap shots
 EXECUTIVE SUMMARY
The intended research on “A Study on factors determining the dividend payment of

selected companies in telecommunication sector i.e. Bharti Airtel, Tata

communication, & MTNL for last five year from (2008-2012 ) ”.The prime
objective to study the determinants of dividend policy.
The dividend decision is one of the most of the strategic decision taken by the financial
management. Considerable attention is required to decide which dividend policy should be used.
Researcher uses some of the important determinants like profitability, .
The first part of the report is about the History of industry that is being undertaken for
study.
The second part presents an overview of Objective of the Study is to identify the significant
determinants of Dividend paid.
The third part consists of Research Methodology which includes Sampling, Data
Collection, Statistical and Analytical tool and the Limitations of the study. In this study
secondary data is used and the study is non- contrived.
Fourth part covers the Interpretation of the findings. Researcher finds out that
There exists a positive relationship between dividend payout and profitability.
And the last part covers the Recommendations along with Bibliography and Annexure.