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Dividend Practices and Market Value of Pharma and Paper Industry an Analytical Study

The objective of corporate management is generally the maximisation of the market value of the enterprise i.e., wealth. The market value of the common stock of a company is influenced by its policy regarding allocation of net earnings into plough back of profit and the payout while maximising the market value of shares. So the dividend policy should be as inclined as to satisfy the interest of shareholders as well as to attract the potential investors and the positive reception in the market price of share. The present paper is a modest attempt to logically and empirically thrash out the dividend practices of Pharma and Paper industries in India with reference to the selected companies.