This document provides an analysis of dividend and share price in the field of corporate finance. It explains the difference between dividend and share price, the relationship between dividend and share price growth, and the policy of rewarding shareholders. The document also covers the calculation of dividend payout ratio, the explanation of dividend yield and payout ratio, and the dividend valuation model and its impact on share price. Additionally, it discusses the dividend irrelevance model theory, the dividend policy of Tesco, and the decision-making process regarding dividends.