• Dr.B.Navaneetha
• M.Bharani Sri
• M.Bhavatarini
• Nidhi.B.Pandya

The main purpose of financial management is the maximization of shareholders wealth with three core decisions like , dividend , financing and investment decision. Dividend is the proportion of earnings of a corporation that is distributed among the shareholders. The research gap identified for this study is that a comparison of different automobile industries , impact on the dividend issued by the HERO MOTO CORP and TVS MOTORS. The main objectives of this project is to study the influence of dividends and its determinants on the market price shares of listed companies and is based on the balance sheet for the period of 5 years(2014 -2018) were collected from the respected companies websites and the following ratios have been calculated to the Dividend Yield and Dividend Payout Ratio.

Dividend Yield and Dividend Payout Ratio.

"DIVIDEND AND ITS EFFECT ON THE SHAREHOLDERS", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.6, Issue 2, page no.248-253, February-2019, Available :http://www.jetir.org/papers/JETIR1902633.pdf

"DIVIDEND AND ITS EFFECT ON THE SHAREHOLDERS", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.6, Issue 2, page no. pp248-253, February-2019, Available at : http://www.jetir.org/papers/JETIR1902633.pdf