Abstract
The dividend is one form of profit sharing by a firm. Business Enterprises declare the dividends to reward the sacrifices of equity shareholders. Dividend is used as a tool to reduce the agency cost associated with the capital funds. Many factors affect the dividend policies of enterprises in India. The present study attempts to examine the dividend policies of Information Technology Companies, listed in the Bombay Stock Exchange (BSE), during the study period. The Multiple Regression Model was used to analyze the determinants of dividend policy. The results of the study found that both the factors of Corporate Governance (CG) and Firm Characteristics did affect the dividend policies of corporate enterprises. Firm Size and Profitability are other two factors which enabled the firms to declare and pay the dividends.
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