Abstract:
Ownership structure is one of the main dimensions of corporate governance. The aim of this
study is to examine the impact of institutional ownership and individual ownership on
dividend policy of listed plantation companies in Sri Lanka. Fifteen listed plantation
companies were selected as a sample by using random sample method and secondary data
was collected from the annual report of listed plantation companies in Sri Lanka during the
period of 2010-2014. This study considers institutional ownership and individual ownership
as independent variables and dividend policy as dependent variable which is measured by
dividend payout ratio. For the purpose of analysis, multiple regressions and Pearson’s
correlation analysis were performed. The results reveal that institutional ownership and
individual ownership have no impact on dividend policy.
