Impact of Managerial Ownership, Financial Leverage, Profitability, Firm Size and Investment Opportunity on Dividend Policy
The main purpose of this study is to find out the impact of managerial ownership, financial leverage, profitability, firm size and investment opportunity on dividend policy. This study uses the sample of 50 FMCG companies listed in Bombay Stock Exchange during 2013 2018. The results revealed that managerial ownership and Investment opportunity affect the dividend policy in a negative way whereas profitability, leverage and firm size has less or no effect on the dividend policy of the firms.