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Dividend Payout Analysis of Selected Pharmaceutical Companies: A Analytical Study

Renu, Dr. Surbhi Jain

1Research Scholar, Baba Mastnath University, Rohtak

2Assistant Professor, Baba Mastnath University, Rohtak

ABSTRACT

This study analyzes the dividend payout trends of the top 20 pharmaceutical companies in India based on market value over a ten-year period from 2014–15 to 2023–24. Dividend payout ratio, defined as the proportion of net earnings distributed to shareholders, was used as the primary parameter to evaluate corporate financial strategies. The analysis highlights variations in dividend policies across firms, reflecting differences in profitability, reinvestment needs, and shareholder expectations. Results indicate that while some companies maintained stable payout ratios to signal financial strength and investor confidence, others adopted conservative policies to retain earnings for research, innovation, and expansion. The findings provide insights into how dividend strategies in the pharmaceutical sector balance shareholder returns with long-term sustainability and growth.

Keywords: Dividend Payout, Ratio Analysis, Pharmaceutical Companies etc.