Abstract
Dividend declaration is considered as one of the key focus areas of any listed organization's financial decision making. Dividend is the amount paid by the company from its profits to the shareholders with respect to their shareholding. This research tries to study about the dividend declaration and its impact on shareholders wealth of listed hotels in India. The data collected is from the annual report of the listed hotels for the last six years starting from 2011 to 2016. The hotels are used for the study is listed in NSE or BSE. The study tries to understand the effect of dividend on share prices and wealth maximization of the selected listed hotels. From the growing hotel industry it is found that the companies are more focusing on the wealth maximization and there is a positive relation between dividend declarationof the listed hotels and shareholders wealth.
Key words: Dividend Declaration, Listed Hotels, Wealth Maximization.
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