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📚 Learn › Paper 6 — Financial Management & Strategic Management › Chapter

Dividend Decisions

Dividend theories (Walter, Gordon, MM) and dividend policy considerations. Expect 4–6 marks per attempt.

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3 microlessons in this chapter
Read each in 5 minutes. Each has worked examples + the bare Act text for reference.
⚡ Start lesson 1 →

All lessons

1
Walter's Model of Dividend
Walter's Model of Dividend Decision for CA Inter FM: formula, r vs Ke logic, worked examples & common exam mistakes explained simply.
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2
Gordon's Model of Dividend
Gordon's Model for CA Inter FM: formula, worked examples, r vs Ke cases, and exam tips for dividend relevance theory — May 2026 ready.
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3
Modigliani-Miller Hypothesis & Dividend Policy
MM Hypothesis for CA Inter FM: why dividend policy doesn't affect firm value, key assumptions, P₁ formula & new shares calculation — exam-fo
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