In the field of corporate finance the question as to whether dividend policy affects the
shareholders wealth still remains unresolved. The objective of this research paper is to
establish the impact of dividend policy on shareholders' wealth and firm performance in
Pakistan. The conduct of dividend policy has been one of the most debatable issues in
literature of corporate finance. Numerous researchers have attempted to reveal issues with
respect to the dividend policy, however, we still don't have a worthy explanation regarding …