Dividends are commonly described as the distribution of profits in real assets among the company's shareholders in proportion to their ownership. Dividend policy therefore refers to the distribution policy that a company uses to decide the size and pattern of cash distribution to its shareholders over time. (Kapoor, 2009: 5). Mullin plc clearly employed a stability strategy from 2003 to 2007, with the annual dividend rate being five shillings per share. Current economic conditions have clearly affected its ability to pay dividends to its shareholders. This is clearly due to the Great Depression. shareholders are most likely doubting the health and overall financial position of the company. Mullin plc must resolve this issue 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 situation. Apart from this, the overarching objective of wealth maximization for shareholders must be considered. It is also important to consider that the dividend r...