Shareholders are the owners of the joint stock company. Generally the company distributes a portion of its earnings to the shareholders. The parts of earnings which is distributed among the shareholders is called dividend.
Some scholars define dividend as follows-
Dividend refers to that portion of a firm net earnings which is paid out to the shareholders.- By M. Y. Khan and P. K. Jain
Some scholars define dividend as follows-
Dividend refers to that portion of a firm net earnings which is paid out to the shareholders.- By M. Y. Khan and P. K. Jain