Boost Your Wealth: Dividend Policy Key to Shareholder Success in Malaysia
The article explores how dividend policy affects shareholder wealth in Malaysia's top five Food & Beverages companies. Data from 2009-2018 was analyzed, showing that higher earnings volatility and dividend per share are linked to increased shareholder wealth, while a higher dividend payout ratio is associated with lower wealth. Dividend per share was found to be the most significant factor impacting shareholder wealth. The study suggests that companies should strike a balance between paying dividends to shareholders and retaining earnings for growth and survival.