i. To present the theories of organizational dividend policy
ii. To produce arguments for and against that a high cash dividend payout ratio as possible would reflect
positively on the market value of shares
iii. To place arguments for and against that whether a cash dividend is paid or not is irrelevant in the context
of shareholders wealth maximization
iv. To put arguments for and against that dividend payment should be avoided as they would lead to
decrease in shareholders wealth
v. To indentify the determinants of dividend policy
vi. To examine the influence of liquidity, leverage, profitability, growth, and ownership structure, and
market capitalization on the dividend rate