The present study attempts to examine the Dividend Paid and its impact on EVA and MVA in Hero Moto Corp. Ltd. The study is based on the secondary data from 2006-07 to 2015-16. The results reveal that the values of EVA and MVA are positive during the period of study. It means company has succeeded in creating more firm’s value and fulfill the goals of wealth maximization of the shareholders. The co-efficient of correlation values are 0.86, 0.76 and 0.64 between EVA and MVA, Dividend Paid and EVA, Dividend Paid and MVA respectively. It clearly proves a positive association between the variables. The study reveals that the dividend paid has an effective influence on EVA and MVA. The findings of this paper may be useful to make an efficient financial strategy, assess firm’s value and to judge the financial performance of the company.
Keywords: Dividend, EVA, MVA, and Shareholders Wealth Creation.
