Financial Management Project
Financial Management Project
Financial Management Project
Project
GROUP – 1
Members
What is Dividend?
A dividend is a distribution of a portion of a company's earnings, decided by
the board of directors, paid to a class of its shareholders. Dividends can be
issued as cash payments, as shares of stock, or other property
Dividend Decision
Characteristics of Dividends
Almost all companies listed in the BSE 100 in India pay dividend
Normally, the dividends are paid twice a year, interim and final.
In some companies dividends are paid more than twice a year.
The Dividend Distribution Tax in India is 15% which is paid by the company.
Companies
Name Sector
H C L Technologies Ltd. IT
Infosys Ltd. IT
I T C Ltd. FMCG
20.00 150
15.00 100
10.00 50
5.00 0
2012-13 2013-14 2014-15 2015-16 2016-17
0.00
2012-13 2013-14 2014-15 2015-16 2016-17
0% 0.00%
2012-13 2013-14 2014-15 2015-16 2016-17 2012-13 2013-14 2014-15 2015-16 2016-17
Grasim Industries Ltd.
Share Price Return
4.00%
3.00%
2.00%
1.00%
0.00%
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
-1.00%
-2.00%
-3.00%
-4.00%
2012-13 2013-14 2014-15 2015-16 2016-17 Linear (2015-16)
50% 20.00%
40%
15.00%
30%
10.00%
20%
10% 5.00%
0% 0.00%
2012-13 2013-14 2014-15 2015-16 2016-17 2012-13 2013-14 2014-15 2015-16 2016-17
Source – Self Calculated
Hindustan Petroleum Corporation Ltd.
Share Price Return
8
0
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21
-2
-4
-6
-8
-10
2012-13 2013-14 2014-15 2015-16 2016-17 Linear (2013-14)
5.00%
0.00%
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31
-5.00%
-10.00%
-15.00%
2012-13 2013-14 2014-15 2015-16 2016-17 Linear (2013-14)
50.00 150
40.00
100
30.00
50
20.00
10.00 0
2012-13 2013-14 2014-15 2015-16 2016-17
0.00
2012-13 2013-14 2014-15 2015-16 2016-17
50% 3.00%
2.50%
40%
2.00%
30%
1.50%
20%
1.00%
10% 0.50%
0% 0.00%
2012-13 2013-14 2014-15 2015-16 2016-17 2012-13 2013-14 2014-15 2015-16 2016-17
Source – Self Calculated
Infosys Ltd.
Share Price Return
8.00%
6.00%
4.00%
2.00%
0.00%
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21
-2.00%
-4.00%
-6.00%
-8.00%
2016-17 2015-16 2014-15 2013-14 2012-13 Linear (2015-16)
25.00 40
20.00 30
15.00 20
10.00 10
5.00 0
2012-13 2013-14 2014-15 2015-16 2016-17
0.00
2012-13 2013-14 2014-15 2015-16 2016-17
80%
15.00%
60%
10.00%
40%
5.00%
20%
0% 0.00%
2012-13 2013-14 2014-15 2015-16 2016-17 2012-13 2013-14 2014-15 2015-16 2016-17
Source – Self Calculated
Indian Oil Corporation Ltd.
Share Price Return
6.00%
4.00%
2.00%
0.00%
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21
-2.00%
-4.00%
-6.00%
2016-17 2015-16 2014-15 2013-14 2012-13 Linear (2015-16)
100% 3.00%
2.50%
80%
2.00%
60%
1.50%
40%
1.00%
20% 0.50%
0% 0.00%
2012-13 2013-14 2014-15 2015-16 2016-17 2012-13 2013-14 2014-15 2015-16 2016-17
Source – Self Calculated
Hindustan Unilever Ltd.
Share Price Return
6.00%
4.00%
2.00%
0.00%
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30
-2.00%
-4.00%
-6.00%
-8.00%
-10.00%
2012-13 2013-14 2014-15 2015-16 2016-17 Linear (2013-14)
0% 0.00%
2012-13 2013-14 2014-15 2015-16 2016-17 2012-13 2013-14 2014-15 2015-16 2016-17
Source – Self Calculated
I T C Ltd.
Share Price Return
6.00%
5.00%
4.00%
3.00%
2.00%
1.00%
0.00%
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
-1.00%
-2.00%
-3.00%
-4.00%
2012-13 2013-14 2014-15 2015-16 2016-17 Linear (2013-14)
8.00%
6.00%
4.00%
2.00%
0.00%
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
-2.00%
-4.00%
-6.00%
-8.00%
-10.00%
2012-13 2013-14 2014-15 2015-16 2016-17 Linear (2013-14)
5.20 10
5
5.00
0
4.80
2012-13 2013-14 2014-15 2015-16 2016-17
4.60
2012-13 2013-14 2014-15 2015-16 2016-17
8.00%
6.00%
4.00%
2.00%
0.00%
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30
-2.00%
-4.00%
-6.00%
-8.00%
2012-13 2013-14 2014-15 2015-16 2016-17 Linear (2013-14)
0% 0.00%
2012-13 2013-14 2014-15 2015-16 2016-17 2012-13 2013-14 2014-15 2015-16 2016-17
Source – Self Calculated
Idea Cellular Ltd.
Share Price Return
8.00%
6.00%
4.00%
2.00%
0.00%
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30
-2.00%
-4.00%
-6.00%
-8.00%
2012-13 2013-14 2014-15 2015 Linear (2013-14)
4.00%
3.00%
2.00%
1.00%
0.00%
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31
-1.00%
-2.00%
-3.00%
-4.00%
-5.00%
2012-13 2013-14 2014-15 2015-16 2016-17 Linear (2013-14)
8.00%
6.00%
4.00%
2.00%
0.00%
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31
-2.00%
-4.00%
-6.00%
-8.00%
2012-13 2013-14 2014-15 2015-16 2016-17 Linear (2013-14)
2 60
1.5 40
1 20
0.5 0
2012-13 2013-14 2014-15 2015-16 2016-17
0
2012-13 2013-14 2014-15 2015-16 2016-17
6.00%
4.00%
2.00%
0.00%
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30
-2.00%
-4.00%
-6.00%
2012-13 2013-14 2014-15 2015-16 2016-17 Linear (2012-13)