Vol. 3, Issue 3, Part N (2017)

An analysis of the impact of dividend payout policy on the firm value of steel industry in India, would assist to design an appropriate approach for dividend payout. That will pave way for the increase of firm value, of the Indian steel companies. The present research study considers the companies of Indian steel industry, listed in Bombay stock exchange. The sample consists of the companies that has declared dividend for ten continuous years from FY 2004-05 to 2013-14. The necessary secondary data of the selected companies was collected from the Capitaline database. The objectives of the study are to identify the factors influencing the dividend policy of select companies and to examine the impact of dividend policy on the firm value of the select steel companies in India.