Abstract:

Since the high dividend efficiency, which is very important in stock investments, means that it offers more long-term confidence and income to investors, companies that distribute dividends in the stock market have priority in their investor portfolios. Dividend distribution to shareholders can be given in cash or in exchange for stocks. In this study, which we have done based on the importance of the dividend for both the investor and the firm, 12 industrial companies included in the BIST Dividend 25 index were taken as a sample. It has been analyzed by using SD and WASPAS methods, which have a multi-criteria methodology, in order to analyze the performance of the companies in the sample and to rank success. The criteria weights of the annual data of 13 different financial variables of 12 companies for the period 2016-2021 were calculated by the SD method. Then, with the WASPAS method, the financial performances of the companies were calculated on an annual basis and their importance ranking was made. In the SD results, the weight of the dividend efficiency of the companies was found to be the most important, while the leverage variables were found to be the second most important. In the review period, the SD weight was the lowest and the return on assets was found. In the WASPAS performance measurement findings, Ege Endüstri Ve Ticaret A.Ş. took the first place and Alkim Alkali Kimya A.Ş. took the second place. When the average value findings of the companies for the financial criteria are compared with the WASPAS findings, it is seen that the companies with high profitability ratios and market value ratios and low leverage ratios are more successful in general.

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