• Hemraj Kawadkar

This paper seeks to examine the study of dividend policy and its impact on the market value of share price. The main aim of financial management is the maximization of shareholder wealth with major core decisions that is Dividend Policy. In simple words, Dividend policy is the decision regarding the earning – How much earning distributed to shareholders and how much earning retained for future activity. For this study data covering from 2015 – 2019 from selected top five power sector companies. In this study data collected from the respected companies' websites and the following ratios have been calculated; Return on Investment, Return on Shareholders Fund, Return on Total Assets, Earnings per Share, Price Earnings Ratio, Payout Ratio. This study shows the significant effect of dividend policy on its share market price.

Dividend Policy, Return on Investment, EPS, Market Price Per share, Price Earnings Ratio

"Study of Dividend Policy & Its Effect on Market Value of Shares of Power Sector Company In India", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.7, Issue 5, page no.649-653, May 2020, Available :http://www.jetir.org/papers/JETIR2005403.pdf

"Study of Dividend Policy & Its Effect on Market Value of Shares of Power Sector Company In India", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.7, Issue 5, page no. pp649-653, May 2020, Available at : http://www.jetir.org/papers/JETIR2005403.pdf