In the present study, an attempt has been made to evaluate the dividend policy adopted by some selected public and private sector banks in India during the period of study March 2006 to March 2015. | Evaluation of dividend policy of some selected public and private sector banks in India Accounting 4 2018 21 28 Contents lists available at GrowingScience Accounting homepage ac Evaluation of dividend policy of some selected public and private sector banks in India Bhaskar Biswasa a Assistant professor of Commerce in Raja Rammohun Roy Mahavidyalaya Radhanagar Hooghly India CHRONICLE ABSTRACT Article history Dividend is the part of profits of a company which is distributable among its shareholders Received January 9 2017 according to the decision taken and resolution passed in the meeting of Board of Directors. Received in revised format Dividend policy plays an important role for maintaining good image of company in the capital January 11 2017 market and in providing source of low cost finance for financing for the profitable future Accepted March 28 2017 Available online investment proposals. In the present study an attempt has been made to evaluate the dividend March 28 2017 policy adopted by some selected public and private sector banks in India during the period of Keywords study March 2006 to March 2015. Capital market Dividend Finance Investment proposals 2018 Growing Science Ltd. All rights reserved. 1. Introduction Dividend is considered as the portion of profits of a company which is distributable among its shareholders according to the decision taken and resolution passed in the meeting of Board of Directors. Dividend may be paid as a fixed percentage on the share capital contributed by them or at a fixed amount per share. There is always a problem before the top management to decide how much profits should be transferred to reserve funds to meet any future contingencies and how much should be distributed to the equity shareholders as dividend. The corporation has to follow a sound dividend policy to solve the problem. According to Weston and Brigham 1972 Dividend policy determines the division of earnings between payments
