Abstract: Dividend is the portion of corporate profits paid out to stockholders. Dividend policy is influenced by various determinants of dividend. The payment of dividend is associated with profitability position of the firm and is influenced by internal and external factors. The Indian pharmaceutical industry currently tops the chart amongst India science-based industries with wide ranging capabilities in the complex field of drug manufacture technology. The current study focuses on the determinants of dividends and its performance of select pharmaceutical companies in India. This study evaluates the performance of various pharmaceutical companies and their annual compound growth rate.