IMPACT OF DIVIDEND POLICY ON SHARE PRICE: A STUDY ON SELECT OIL AND GAS COMPANIES IN INDIA
DOI:
https://doi.org/10.70917/ijcisim-2026-4348Keywords:
Dividend policy, share price, dividend pay-out ratio, dividend per share, dividend yieldAbstract
The impact of dividend policy on share price has been a widely debated topic in financial research. This study has made an attempt to investigate the impact of dividend policy on the market share price of the selected companies in the study. For the purpose of the study, eight companies belong to Oil and Gas sector has been considered based on the availability of the data from the year 2014-15 to 2023-24. This study employed panel regression models like fixed effect model and random effect model. Finally, study established that dividend yield and dividend pay-out ratio significantly impact the share price.