A multi-criteria framework for comparing dividend pay capabilities: Evidence from Indian FMCG and consumer durable sector

In this paper, we aim to carry out a comparative analysis of the Dividend Pay Capabilities (DPC) selected organizations belonging Fast Moving Consumer Goods (FMCG) and Durables (CD) sectors listed in BSE, India during period FY 2013-14 2019-20. We select top 25 companies from FMCG group 5 firms CD sector on basis average market capitalization. For comparison purpose, have considered six aspects (grounded extant theories dividend policy) such as ownership, size, profitability, growth, liquidity risk. used new integrated Logarithmic Percentage Change-driven Objective Weighting (LOPCOW) Evaluation based Distance Average Solutions (EDAS) framework for our analysis. The result shows that do not show consistent performance over years. further noticed comparatively better capabilities vis-à-vis payment. Since, there are considerable variations ranking, apply aggregation methods like Borda Count (BC), Copeland method (CM) Simple additive weighting (SAW). use two other popular Multi-Criteria Decision Making (MCDM) MABAC COPRAS with ascertain reliability result.