Munich Personal RePEc Archive

Individual investors perception of dividends: Pakistan’s percpective

Akhtar, Muhammad Naeem and Hunjra, Ahmed Imran and Andleeb, Arifa and Butt, Babar Zaheer (2011): Individual investors perception of dividends: Pakistan’s percpective. Published in: ACTUAL PROBLEMS OF ECONOMIICS , Vol. 2, No. 4 (2012): pp. 193-199.


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This research paper argue that there exists a strong preference for dividends among investors. The main purpose is to find the factors that lead individual investors to reveal their preference for either cash or stock dividends. The most important dividend theories are employed to test the behavior of Pakistani individual investors towards dividends. The results reveal strong evidence that individual investors in Pakistan want dividends either in the form of cash or stocks. They also have a strong preference for dividend even if a company has to pay it by borrowing.

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