The impact of dividend policy on shareholders' wealth: evidence from listed construction companies in Malaysia / Fatin Nurain Shahrin

Over the years, dividend policy is one of the controversy subjects in finance. Dividend is always changeable in firm's policy due to the increasing dividend every year. The impact of dividend policy on shareholder's wealth is essential for planning portfolio specifically for the management plus the investors. Some researcher believes that the dividend policy will not give effect to shareholder's wealth and some other researcher believes that the dividend policy will give effect to shareholder's wealth. The main objective of this research is to investigate the impact of dividend policy on shareholder wealth. The secondary data is use in this research. The data is obtained from Thomson DataStream. The dependent data is earning per share and the independent data are dividend payout ratio, profitability (ROE), earning volatility, growth in assets and long term debt ratio. The data are collected from 2015 to 2006 from 10 companies that have been listed in bursa Malaysia.