1Associate Professor School of Commerce, Bharathiar University, Coimbatore, Tamilnadu, India
2M. Phil Research Scholar School of Commerce, Bharathiar University, Coimbatore, Tamilnadu, India. E. Mail Id: jananimanjeeswari@gmail.com
JEL Classification: G3, G35
This study attempts to examine the determinants of dividend of select FMCG companies in India. The objective of the study is to evaluate the determinants of dividend policy of select FMCG companies in India. For the study, five FMCG Companies in India were selected based on purposive sampling method based on their Market capitalization. Multiple Regression analysis is used to determine the dividend policy of FMCG Companies in India. Nestle, Dabur and ITC company's models are statistically significant with dividend payout ratio. The study found that there is a significant impact of ROA, LEV, TAN and EPS on dividend payout ratio and there is no significant impact of LIQ on dividend payout ratio of select FMCG Companies in India during the study period from 2007–08 to 2016–2017. Dabur, ITC and Britannia have the payout ratio below 70% which indicates the companies are stable.
Dividend Payout Ratio, Earnings per Share, Leverage, Liquidity, Return on Asset, Tangibility
