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Dividend Policy and Share Price Valuation in Nigerian Banks

Adesina, Kehinde and Uwuigbe , U. and Uwuigbe, O. R. and Asiriuwa, Osariemen and Eriabie, Sylvester O. (2017) Dividend Policy and Share Price Valuation in Nigerian Banks. E u r o E c o n o m i c a, 1 (36). pp. 185-195. ISSN 1582-8859

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This study examined dividend policy and share price valuation in the Nigerian banks. The study which covered a ten-year period made use of secondary data sourced from published financial statements of four major banks in Nigeria, namely; Access Bank, First Bank, United Bank for Africa and Guarantee Trust Bank. The study employed the Ordinary Least Square (OLS) regression model in the analyzing the data obtained. Findings from the study show that a significant positive relationship exist between earnings per share and market price. The study concluded that banks should put in place efficient and robust dividend policy and leverage on the new e-dividend payment initiative for a better performance. An amendment should be carried out on Company and Allied Matter Act (CAMA) 2004 as amended to compel any company with a total asset value in excess of N10billion to be listed on the Nigerian capital market with a view to attracting more investors

Item Type: Article
Uncontrolled Keywords: Dividend Policy; Share Price Valuation; Earnings; Payout Ratio; Market Price
Subjects: H Social Sciences > H Social Sciences (General)
H Social Sciences > HF Commerce > HF5601 Accounting
Divisions: Faculty of Law, Arts and Social Sciences > School of Social Sciences
Depositing User: Mrs Hannah Akinwumi
Date Deposited: 06 Mar 2018 09:30
Last Modified: 06 Mar 2018 09:30

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