Assignment No.

Due Date: 23rd Jan 2010 by 4.00pm

Hard Copy to APO

Assignment on Dividend Policy - Guidelines

This is a group project.

- Each group will pick a company to analyze. The companies chosen by a group should be part
of BSE 30 or NSE 50. Each group will be responsible for doing the entire analysis for the
company that the group has chosen.

- At the end of the process, the group will write report for the firm selected. In this report, the
firms will be compared and contrasted and the results will be presented as a whole rather than
as individual parts for individual companies.

Dividend Policy

 How has this company returned cash to its owners? Has it paid dividends, bought back
stock or spun off assets?
 Given this firm's characteristics today, how would you recommend that they return cash
to stockholders (Check whether the co have excess cash)?

Framework for Analyzing Dividends

 How much could this firm have returned to its stockholders over the last few years?
How much did it actually return?
 Given this dividend policy and the current cash balance of this firm, would you push the
firm to change its dividend policy (return more or less cash to its owners)?
 How does this firm's dividend policy compare to those of its peer group and to the rest
of the market?

NOTE: No Duplication of companies are permissible across the

sections as well within the class. It is the Group’s
responsibility to make sure that no duplication took place.