QUESTIONNAIR

Dear Sir/Madam I am PREMKUMR, pursuing MBA from Ramaiah Institute Of Management Studies, Bangalore. And I am conducting a survey on IMPACT OF DIVIDEND DECISION. I seek your coordination for providing following relevant information for my research work. Personal Information: Name: Gender: Male Female

Occupation:. Age: Income: Address (optional): Email:

1. Which type of shares attracts you the most? a) Growth shares b) Income/value shares c) Defensive shares d) Blue chip shares 2. What is your main objective for investing in shares? a) Capital gains b) Dividends 3. what is the main strategy behind your investment decisions? a) Getting huge returns in a short period of time b) Taking less risk and waiting for moderate returns 4. what is the time horizon you prefer to hold equity shares? a) More than one year b) Less than one year 5. Do you agree that you will look in to companys dividend policy, when you are investing? a) Strongly agree b) Agree c) Somewhat agree d) Disagree 6. Do you agree that dividend announcement will influence your investment decision? a) Strongly agree b) Agree c) Somewhat agree

d) Disagree 7. Do you agree that you are ready to pay more money to buy the shares when the company announced dividend? a) Strongly agree b) Agree c) Somewhat agree d) Disagree 8. Do you agree that you would hold the shares from the date of announcement of dividend to the date of book closers? a) Strongly agree b) Agree c) Somewhat agree d) Disagree 9. Do you agree that you would sell off your investment if you require money right away? a) Strongly agree b) Agree c) Somewhat agree d) Disagree 10. Do you agree that dividend payout ratio and dividend yield ratio will be considered as one of tools for your investment decision? a) Strongly agree b) Agree c) Somewhat agree d) Disagree

11. Choose the best portfolio? a) 100% Income shares b) 50% income shares-50%growth shares c) 25%income shares -75%growth shares d) 100%growth share 12. Consider if you are a loyal investor in company x and its PAT is 100corers suggest how much percentage of profits to retain and how much to distribute? a) 100% retain b) 50% retain-50 distribute c) 25% retain-75% distribute d) 100% distribute 13. Due to dividend announcement the share prices were increased suddenly, what will you do? a) Sells all shares in current market at increased prices a) Holds up to dividend executed date 14. Do you agree that share prices will come down when the company announces nil dividends? a) Strongly agree b) Agree c) Somewhat agree d) Disagree 15. Do you agree that when dividend is taxable, paying out more cash would increase the shareholders tax liability? a) Strongly agree b) Agree

c) Somewhat agree
d) Disagree

16. Do you agree that negative relationship between dividend announcement and stock returns is expected due to tax effect?

a) Strongly agree b) Agree c) Somewhat agree d) Disagree

17. Would you prefer to have less cash dividend if it is taxable because size of optimal dividend is inversely related to personal income tax rates? a) Yes b )No

18. Mention the reason why you prefer dividend?

19. Mention the reason why you wont prefer dividend?