Dividends are commonly described as the distribution of profits in real assets among the firm's shareholders in proportion to their ownership. Dividend policy therefore refers to the payout policy that a company uses in deciding the size and pattern of cash distribution to its shareholders over time. (Kapoor, 2009:5). Mullin plc clearly used a stability strategy from 2003 to 2007 with an annual dividend rate of five shillings per share. Current economic conditions have clearly impacted its ability to pay dividends to its shareholders. This is clearly a result of the Great Depression. shareholders most likely have doubts about the company's well-being and overall financial position. Mullin plc needs to solve this problem using one of the strategies mentioned above. One of the most important factors to consider when deciding on Mullin's new dividend policy is its current financial position. In addition to this, the primary objective of shareholder wealth maximization should be taken into consideration. It is also important to consider that the dividend r...