IDEAS home Printed from https://ideas.repec.org/a/but/manage/v17y2013i1p107-119.html
   My bibliography  Save this article

Determinants Of Dividend Policy: A Study Of Selected Listed Firms In Nigeria

Author

Listed:
  • Uwuigbe Olubukunola Ranti

    (Department of Accounting, School of Business, College of Development Studies, Covenant University, Ogun State, Nigeria)

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.

Suggested Citation

  • Uwuigbe Olubukunola Ranti, 2013. "Determinants Of Dividend Policy: A Study Of Selected Listed Firms In Nigeria," Manager Journal, Faculty of Business and Administration, University of Bucharest, vol. 17(1), pages 107-119, May.
    • Handle: RePEc:but:manage:v:17:y:2013:i:1:p:107-119
    as

    Download full text from publisher

    File URL: http://manager.faa.ro/download/722_1711.pdf
    Download Restriction: no
    File URL: http://manager.faa.ro/en/article/Determinants-Of-Dividend-Policy-A-Study-Of-Selected-Listed-Firms-In-Nigeria~722.html
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Nabaraj Adhikari, Ph.D., 2015. "Determinants of Corporate Dividend Payout in Nepal," NRB Economic Review, Nepal Rastra Bank, Economic Research Department, vol. 27(2), pages 53-74, October.
    2. Arindam Banerjee & Anupam De, 2015. "Capital Structure Decisions and Its Impact on Dividend Payout Ratio during the Pre- and Post-period of Recession in Indian Scenario: An Empirical Study," Vision, , vol. 19(4), pages 366-377, December.
    3. Daniel Ofori-Sasu & Joshua Yindenaba Abor & Achampong Kofi Osei, 2017. "Dividend Policy and Shareholders’ Value: Evidence from Listed Companies in Ghana," African Development Review, African Development Bank, vol. 29(2), pages 293-304, June.
    4. Nabaraj Adhikari, Ph.D., 2015. "Determinants of Corporate Dividend Payout in Nepal," NRB Economic Review, Nepal Rastra Bank, Research Department, vol. 27(2), pages 1-22, October.
    5. Peter E. Ayunku & Dumani Markjackson*, 2019. "Determinants of Dividend Payout Policy of Listed Corporations in Nigeria," Business, Management and Economics Research, Academic Research Publishing Group, vol. 5(9), pages 134-141, 09-2019.
    6. Dima W. H. Alrabadi & Said S. Al‐Hallaq & Abdullah S. Abu‐Alkhair, 2021. "The dividends behaviour of the Jordanian companies listed in Amman Stock Exchange: Three essays," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 26(3), pages 3892-3901, July.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:but:manage:v:17:y:2013:i:1:p:107-119. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Cosmin Catalin Olteanu (email available below). General contact details of provider: https://edirc.repec.org/data/faaubro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.