IMS Manthan (The Journal of Mgt., Comp. Science & Journalism)

1. Shaveta Gupta

2. Balram Dogra

3. Ak Vashisht

Received
04-Jun-2026
Accepted
-
Published
04-Jun-2026
Abstract
The management is the representatives of the shareholders. In the process of running business, they have to keep in mind that the decisions they will take will impact the firm’s shares. That’s why share price is critical determinant of shareholders wealth. Every company is interested in maximizing the profits and shareholders wealth. This can be achieved by using combination of different factors. Dividend policy among other factors can be regarded as a cause of variations in firm value. The present paper attempts to explore the relationship between dividend and value of firm in Indian Engineering sector. For carrying out the study, a sample of 63 companies in Engineering sector listed on BSE with continuous dividend payments from 2004-08 has been analysed using Multiple Regression analysis. The results bring forth the fact that there exists the relationship between dividend and value of the firms.
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