“…They tend to increase their dividend payout in order to develop or maintain their reputation and assure shareholders. The relationship between dividend payout and corporate growth has been examined by several researchers (see for example: Rozeff, 1982;Myers & Majluf, 1984;Lloyd et al, 1985;Titman & Wessels, 1988;Lang & Litzinberger, 1989;Murrali & Welch, 1989;Jensen et al, 1992 ;Alli et al, 1993;Holder et al, 1998;D'Souza, 1999;Manos, 2002;Gadhoum, 2000;La Porta et al, 2000;Al-Kawari, 2009;Kouki & Guizani, 2009;Franklin & Muthusamy, 2010;Gill et al, 2010;Al-Shubiri, 2011;Kim et al, 2013;Movalia & Vekariya, 2014;Baah et al, 2014). However, the strength and the direction of the relationship between corporate growth and its dividend policy is not clear.…”