This book is based on the empirical study of the top 100 listed firms with NSE to examine the association between dividend payout and dividend payout factors. This book will meet post-graduate students, M.Phil students, and research scholars in commerce and management. This book has used the latest statistical tools to measure the impact of dividend determinants on dividend payout, which would help the users understand the methodologies applied in determining the impact of explanatory variables on dependent variables. In this present era of acute competition and financial crisis among business enterprises, this book will be helpful to that managerial personnel who are associated with organizations' financial decision-making process. Mainly, it outlines the concept of dividend, determinants of dividend decision, different theories relating to dividend policy, the legal framework of dividend decision, the impact of dividend payout.