Determinants of Dividend Policy: A study of selected listed Firms in Nigeria

Uwuigbe, O. R. (2013) Determinants of Dividend Policy: A study of selected listed Firms in Nigeria. Manager journal, 17. pp. 107-119.

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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.

Item Type:	Article
Subjects:	H Social Sciences > HF Commerce > HF5601 Accounting
Divisions:	Faculty of Law, Arts and Social Sciences > School of Social Sciences
Depositing User:	Mrs Patricia Nwokealisi
Date Deposited:	22 Sep 2013 11:34
Last Modified:	22 Sep 2013 11:34
URI:	http://eprints.covenantuniversity.edu.ng/id/eprint/1521

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