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Determinants of Dividend Payout Ratio: A Study of Textile Sector of Pakistan

This study examines the performance of the determinants of dividend payout ratio the companies of textile sector of Pakistan. The analysis is done by the construction of a portfolio consisting of 20 companies relating to textile sector of Pakistan. The dividend payout ratio of each company is measured to analyze in the context of net income and previous dividend whether the companies have positive or negative relation with the dividend payout ratio. This is done by analyzing the data taken from the financial statements of the companies of eight years which is from 1999 to 2006. The analysis is done using regression analysis, which is much more efficient than other methods. The results of all the data have shown that determinants have a negative relation with the dividend payout ratios.