Determinants of Dividend Policy: A study of selected listed Firms in Nigeria
Determinants of Dividend Policy: A study of selected listed Firms in Nigeria
Author(s): Uwuigbe Olubukunola RantiSubject(s): Economic policy, Financial Markets, Marketing / Advertising, Socio-Economic Research
Published by: Editura Universităţii din Bucureşti
Keywords: Nigeria; Dividend Payout; Financial Leverage; Financial Performance; Board Independence Annual Report;
Summary/Abstract: This study investigated the determinants of dividends policy in the Nigerian stock exchange market. To achieve the objectives of this study, a total of 50 listed firms in the Nigerian stock exchange market were selected and analyzed for the study using the judgmental sampling technique. Also, the corporate annual reports for the period 2006-2011 were used for the study. The paper was basically modeled to examine the effects of financial performance of firms, firm size, financial leverage and board independence on the dividend payout decisions of listed firms operating in the Nigerian stock exchange market using the regression analysis method. The study in its findings observed that there is a significant positive relationship between firms’ financial performance, size of firms and board independence on the dividend payouts decisions of listed firms in Nigeria.
Journal: Manager
- Issue Year: 2013
- Issue No: 17
- Page Range: 107-119
- Page Count: 13
- Language: English