• Mr. JaydevVithlani
• Dr. Kamini Shah

Dividend policy remains a critical area of corporate finance, particularly in the context of emerging markets where economic volatility and financial market inefficiencies influence corporate decision-making. This study examines the relationship between dividend payout ratios and shareholder wealth creation in banking sector of India, analyzing data from a diverse range of industries. By employing panel data analysis and regression techniques, the study investigates whether higher dividend payouts contribute to enhanced shareholder returns or if retained earnings serve as a more effective driver of value in these markets. The findings provide practical implication for policymakers, investors, and corporate managers in formulating dividend strategies that balance short-term investor satisfaction with long-term value maximization.

Dividend payout ratio, shareholders’ wealth, market capitalization

"“Determinants of Dividend Policy and its impact on Shareholders Wealth Creation of Selected Banking Companies in India”. ", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.12, Issue 1, page no.277-283, January-2025, Available :http://www.jetir.org/papers/JETIRGS06033.pdf

"“Determinants of Dividend Policy and its impact on Shareholders Wealth Creation of Selected Banking Companies in India”. ", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.12, Issue 1, page no. pp277-283, January-2025, Available at : http://www.jetir.org/papers/JETIRGS06033.pdf