What is Dividend ?
A dividend is a share of the profit earned by the company which is payable to the shareholders of the company. Most of the people have a misconception of dividend is paid on the current market price of the share. In fact, the dividend is paid as the " percentage on the face value of the share " There should not be any assumption, that a company having high face value will pay a high dividend, and low face value companies will pay low dividends. The dividend percentage will be approved by the Board of directors. A company having the highest face value cannot generate a higher dividend unless the company made a huge profit and announce the high percentage dividend. There is no relationship between the higher face value, you may get a higher dividend. In the case of a company announces a lower percentage of dividends on a company having a higher face value share and company having