The dividend policy decision is crucial for any corporate entity whose shares are listed in the stock exchange. The mean value of Ceat Ltd. has high dividend per share of Rs. 8.55 and earnings per share of Rs. 59.99 have been observed over the periods of the study. It has been seen that Ceat Ltd. has the highest dividend growth rate as compared to other selected companies. The Ceat Ltd. and Apollo Ltd. have followed a constant dividend policy whereas J.K. tyre Ltd. followed a stable dividend policy. The Ceat ltd. and Apollo Ltd. reported an upward trend in dividend per share and earnings per share with positive linear annual growth rate while J.K. ltd. showed a downward trend with negative linear annual growth rate. It may be inferred that progress and trend of Ceat and Apollo Ltd. found to be positive. J.K. Ltd. pointed out negative growth rate with declining trend of EPS and DPS. Therefore, J.K ltd. should be taken care in coming years also. The firms belong to tyres industry declared dividend varied among the firms over the periods of the study.

Keywords: DPS, EPS, Trend and Linear Annual Growth Rate.