Financial Management, B.Com (Hons)
Dividend theories and dividend policy
Every paper it came up in, with its marks and how they split between numerical and theory.
No. 2in the study order: adds 18 marks to a 90-mark paper11/11papers it came in, 2017 to 2025
16.4marks on average when it comes
18most marks it has carried in one paper
Numerical 75%Theory 25%of its marks over all papers
Where it appeared one per sitting
December 2025Q4 in this paperDecember 2024Q4 in this paperDecember 2023Q3, Q4 in this paper
2024, older paperQ3, CBCS syllabus
2023, older paperQ4, CBCS syllabus
2022, older paperQ4, Q5, CBCS syllabus
2021, older paperQ6, CBCS syllabus
2020, older paperQ5, CBCS syllabus
2019, older paperQ5, CBCS syllabus
2018, older paperQ4, CBCS syllabus
2017, older paperQ5, CBCS syllabus
Current syllabus UGCF papers, newest first
- MM: dividend does not affect the value of the firm12 marksQuestion 4 (a), December 2025
- Six differences between Gordon's and Walter's dividend models6 marksQuestion 4 (b), December 2025
- Gordon model: share price at four payouts and three rates of return12 marksQuestion 4 OR (a), December 2025
- Six factors that influence a firm's dividend policy6 marksQuestion 4 OR (b), December 2025
- MM: paying or not paying a dividend does not change the value of the firm12 marksQuestion 4 (a), December 2024
- The bird-in-hand argument6 marksQuestion 4 (b), December 2024
- Walter model: share price at three payouts and three rates of return12 marksQuestion 4 OR (a), December 2024
- Six determinants of a company's dividend policy6 marksQuestion 4 OR (b), December 2024
- Walter's model: share price, optimum payout and indifference12 marksQuestion 3 (b), December 2023
- MM approach: share price and new shares with and without a dividend12 marksQuestion 3 OR (b), December 2023
- Gordon's model and Walter's model on the relevance of dividends6 marksQuestion 4 (a), December 2023
- Short notes: stock split and scrip dividend6 marksQuestion 4 OR (a), December 2023
Older papers CBCS syllabus, newest first
- Assumptions of the MM dividend irrelevance theory3 marksQuestion 3 (OR a i), 2024 older paper (Paper 4960), not solved yet
- Stock split2 marksQuestion 3 (OR a ii), 2024 older paper (Paper 4960), not solved yet
- Gordon's model: share price at different payout ratios10 marksQuestion 3 OR (b), 2024 older paper
- Information content of dividend payment3 marksQuestion 3 (a i), 2024 older paper (Paper 4960), not solved yet
- Dividend payout ratio2 marksQuestion 3 (a ii), 2024 older paper (Paper 4960), not solved yet
- MM dividend irrelevance: share price and new shares10 marksQuestion 3 (b), 2024 older paper
- Informational content of dividends and the value of the share5 marksQuestion 4 OR (a), 2023 older paper
- MM approach: dividend does not affect the value of the firm10 marksQuestion 4 OR (b), 2023 older paper
- Walter's model: share price and optimum payout10 marksQuestion 4 (b), 2023 older paper
- Walter's model: determining the optimum dividend policy5 marksQuestion 4 (a), 2022 older paper
- Informational content of dividends5 marksQuestion 5 OR (a), 2022 older paper
- MM approach: dividend does not affect the value of the firm10 marksQuestion 5 (b), 2022 older paper
- MM approach: value with a 75% payout or no dividend18.75 marksQuestion 6, 2021 older paper
- Postponing dividends for growth: Gordon valuation; dividend policy and shareholders' wealth18.75 marksQuestion 5, 2020 older paper
- Determinants of dividend policy4 marksQuestion 5 OR (a), 2019 older paper
- Informational content of dividends4 marksQuestion 5 (a), 2019 older paper
- MM approach: dividend irrelevance before and after the new issue11 marksQuestion 5 OR (b), 2019 older paper
- Walter's model: price, firm value, optimum and target payout11 marksQuestion 5 (b), 2019 older paper
- Informational content of dividends; determinants of dividend policy4 marksQuestion 4 OR (a), 2018 older paper
- MM approach to the irrelevance of dividends4 marksQuestion 4 (a), 2018 older paper
- MM approach: dividend irrelevance shown, and how realistic it is11 marksQuestion 4 OR (b), 2018 older paper
- Walter's model: payout for a target price, optimum payout, price range11 marksQuestion 4 (b), 2018 older paper
- Stock dividend and its rationale4 marksQuestion 5 OR (a), 2017 older paper
- Gordon's model of the relevance of dividends4 marksQuestion 5 (a), 2017 older paper
- MM approach: price, new shares and value of the firm11 marksQuestion 5 OR (b), 2017 older paper
- Walter's model: optimal payout and the neutral P/E ratio11 marksQuestion 5 (b), 2017 older paper
See the whole order.Every topic of Financial Management ranked by what it adds, with the OR choices accounted for.
Study order