Published Paper Details:

In this complicated business environment, corporations may want to hold onto their earnings in order to maintain working capital in the face of a market downturn. In contrast, firms may implement aggressive dividend policies to entice investors with a diverse range of investment options. Corporates have traditionally regarded dividend payments as a crucial decision. It has been noted that many businesses think that paying dividends has no bearing on their worth, and many guarantee that doing so increases shareholder wealth. Therefore, a company's responsibility of creating a suitable dividend policy is not simple. This study looks at the dividend trends of firms that are listed on the BSE and that are part of the Sensex throughout the seven-year period from 2017 to 2023. Descriptive Statistics i.e. Mean, standard deviation, and coefficient of variation is used to understand central tendency and dispersion of dividend payout ratios. It was found that out of these 7 years, the average DPR were lowest in the year 2020 and highest in the year 2017. But the Coefficient of Variation (CV) of DPR for all the years of sample period was significantly high indicating a huge variation in the dividend payout ratios of the sample companies in all the selected sample years.