The impact of trade credit including both of its components is an integral part of the working capital management. This study incorporates the moderating role of the Dividend Policy and its impact on the relationship between the trade credit and the shareholder wealth. The Panel data has been taken from the Non-Financial sector of Pakistan over the period 2008 to 2018, with a sample size of 88 companies. Hence, the outcomes empirically declare that there is a positive relationship between trade credit and shareholder wealth along with the moderating role of the dividend policy. Supervisor:- Dr. Jaleel Ahmed