DIVIDEND POLICY AND ITS IMPACT ON SHAREHOLDERS WEALTH: EVIDENCE FROM CHEMICAL OIL, AND GAS SECTOR COMPANIES LISTED IN PAKISTAN STOCK EXCHANGE (PSX)

Authors

  • Irfan Ullah Dean of Economic Faculty, Al-taqwa institute of Higher Education Afghanistan
  • Mr. Suliman MBA Scholar, Department of Management Sciences, IMSciences Peshawar
  • Hina Nargas M.Com, Peshawar University
  • Mr. Sana Ullah M.phil scholar, Department of Management Sciences Islamia College Peshawar

DOI:

https://doi.org/10.17605/OSF.IO/SQN5J

Keywords:

Market price, Dividend, equity

Abstract

The purpose of this study is to examine the relationship between shareholders' wealth and dividend policy. A sample of 25 companies from the Pakistan stock exchange was selected which includes companies from the chemical sector, oil, and gas sector. Shareholders' wealth is measured with the market price of shares. Dividend per share, retained earnings per share, lagged price-earnings ratio, and return on equity were used as independent variables. The based multiple regression model shows that there is a strong relationship between shareholders' wealth and dividend policy. The shareholder's wealth is increase by dividend policy in the case of Pakistan.

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Published

2021-06-30

Issue

Vol. 7 No. 07 (2021): Journal Nx

Section

Articles

License

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

How to Cite

DIVIDEND POLICY AND ITS IMPACT ON SHAREHOLDERS WEALTH: EVIDENCE FROM CHEMICAL OIL, AND GAS SECTOR COMPANIES LISTED IN PAKISTAN STOCK EXCHANGE (PSX). (2021). JournalNX - A Multidisciplinary Peer Reviewed Journal, 7(07), 1-15. https://doi.org/10.17605/OSF.IO/SQN5J