A Study of the Relationship between Dividend Policies and Future Growth: Iranian Evidence

Decision making about payment of profi t and its value are as important subjects in management fi eld of company. Because, in this process, quantity of money must be paid to investors and quantity of money must be collected for future investment must be determined. Financial support from internal sources counts as a lack of cash not distribution of profi ts to continue company activities. The plan of share holders for providing portion of life expenditure may be changed by fi nancial support. According to the main purpose of investors for investing in company share (share of company) is increase wealth and payment of share profi t is as an important factor to reach this purpose. General Manager of the company should pay more attention to payment policies. The results showed that there is no meaningful relationship between payment policies of share profi t and improvement of future profi t.