satisfactory position among the majority of the companies under study. The F-values are also
statistically significant at 1% or 5% level for most of the companies.
Thus, it is evident from the table that the independent variable i.e. dividend payouts (Dt) are
positively correlated with dependent variable i.e. value of firm (VFt) in most of the companies
under study. Hence, it is deductive from the analysis that dividend payouts of a company have a
positive relationship with the value of firm. Therefore, these results proved our hypothesis.
TABULAR AND GRAPHICAL PRESENTATION OF INFORMATION TECHNOLOGY
INDUSTRY (Linear relationship at intra variable level and progressive multiple regression
relationship between Equity Dividend and Value of the Firms)