Dividend behaviour of automobile companies in India: An empirical study

Dividend decision of the firms is considered as one of the prominent decisions that the firm would make. It must be depends upon what portion of earnings is to be retained by the firm and what portion is to be paid to shareholders. There is always a converse relationship between these two larger intentions such as investment decision and financial decision making of the firm. Automobile industries shows an impressive escalation figures over the recent years, the major objectives of this study is to determine the dividend behaviour of selected automobile companies in India. To achieve the objectives of the study the secondary data was collected through various sites. The data's are analyzed using statistical tools such as Mean, Standard deviation and the null hypothesis was tested by using ANOVA and the results were drawn that states that companies belong to the same industry adopted a dissimilar dividend policies among themselves.