Keywords : EPS, DPS, ERR, MPS, PAT

Abstract : This study explores the complex relationships that exist between share market prices and dividend policies, with a particular focus on a sample of top 5 FMCG (fast-moving consumer goods) companies that are listed on the National Stock Exchange of India with the time frame of Five years ranging from 2019-2023. The study uses a quantitative research approach to investigate how financial variables affect market price of shares (MPS), such as DPS,EPS, ERR , and profit after tax. Significant correlations between these variables are found in the findings, suggesting a strong positive relationship between dividends, earnings, and market prices. With PAT, ERR, DPS, and EPS as predictors, the regression model shows a high degree of explanatory power (R Square = 98.6%) for differences in MPS.

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