Impact of dividend policy on firm performance: Emirical evidence from listed companies of Pakistan

The aim of study is that find the relationship among the dividend policy and firm performance with adaptation of different variables like dividend policy (DPO), return on equity (ROE), ownership structure (OS) and firm size (FS). In this study also shown the fact that ownership structure together with firm's specifications provides an essential effects within the dividend payout for firms overly (Fama and French, 2001). We are taken the cement sector and its 9 companies which are listed in Karachi stock exchange (KSE) of Pakistan. Data collected from annual reports of companies for the time period 2009–2013. In this study results find out by using regression technique is show that firm size has positive and significant relation with its dividend payout, and ownership structure and return on equity also show significant but negative among the dividend payout of the sample firms of Pakistan.