What is Dividend Policy?

A dividend policy outlines how a company decides the portion of earnings to distribute as dividends. It reflects profit-sharing approaches and is influenced by various factors.

Types of Dividend Policies

Types Of Dividend Policy In Financial Management are Regular Dividend Policy, Irregular Dividend Policy, Stable Dividend Policy, and No Dividend Policy.

Dividend Yield Vs Dividend Payout Ratio

Definition

Dividend Yield refers to the ratio of annual dividends compared to the stock’s market price, while Dividend Payout Ratio refers to the ratio of dividends paid out of the company’s net income.

Dividend Yield Vs Dividend Payout Ratio

Relevance

Dividend Yield evaluates the potential return from dividends on a stock, whereas Dividend Payout Ratio assesses how a company distributes its earnings among shareholders.

Dividend Yield Vs Dividend Payout Ratio

Calculation

Dividend Yield is calculated by dividing Annual Dividends by Stock Price, while Dividend Payout Ratio is determined by dividing Annual Dividends by Net Income.

Dividend Yield Vs Dividend Payout Ratio

Impact

Dividend Yield indicates if a stock offers attractive dividend returns, whereas Dividend Payout Ratio shows a company is distributing a larger portion of its earnings as dividends.

Dividend Yield Vs Dividend Payout Ratio

Dependency

Dividend Yield depends on fluctuations in stock price, while the Dividend Payout Ratio is influenced by the company’s earnings and its decisions on dividend distribution

Dividend Yield Vs Dividend Payout Ratio

Stability

Dividend Yield reflects the regularity and consistency of dividend returns, whereas Dividend Payout Ratio provides insight into the consistency of a company’s profit distribution practices.

Dividend Yield Vs Dividend Payout Ratio

Investor’s Perspective

Investors use Dividend Yield to gauge the income potential of a stock, while the Dividend Payout Ratio offers insight into how a company shares its profits with shareholders.