Dividend Payout by Defensive Stocks in India in the Pre and Post Covid 19 Period
Purpose: this paper illustrates dividend payout policies of pharmaceuticals and fast moving consumer goods companies in India during the Covid19 pre and post periods Motivations: researchers identified the gap of literature in comparison of sectoral stocks and the pandemic. Methodology: authors have used descriptive research and observation techniques. The data gathered were analysed using IBM SPSS 26.further, researchers adopted multiple regression and canonical correlation techniques to study the dividend payout impact on defensive stock profitability. Findings: Researchers found that there is no impact or relationships between dividend payout and profit in the pre and post pandemic period in the defensive stocks. Conclusions: Dividend payout is strategic and does not depend on profitability of the firm. Limitations: The research considered Pharmaceuticals and FMCG companies as defensive stocks. Originality: This paper is original neither it is published anywhere nor part of the process of publication. Keywords: Defensive stocks, Dividend payout, Profitability, Pre pandemic and Post pandemic.
