IDEAS home Printed from https://ideas.repec.org/p/hal/journl/hal-05155750.html
   My bibliography  Save this paper

Impact Of Dividend Policy On Stock Price: Evidence From Banks, Oil & Gas And Food & Beverages Firms Listed On The Nigeria Stock Exchange

Author

Listed:
  • Ndukwe Orji Dibia

    (Department of Accounting, Faculty of Economics and Management Science, Abia State University, Uturu. Nigeria.)

Abstract

The purpose of this study is to investigate the impact of dividend yield & payout on the stock prices of quoted banking, petrochemicals and food & beverages firms in Nigeria. Data was extracted from the audited financial statements of the nine selected firms and two Nigerian Newspapers and data extracted was subjected to econometric testing using Panel Least Squares method and the Panel Estimated Generalized Least Square (EGLS) to correct violations of assumption of Classical Linear Regression Model (CLRM). Findings shows that dividend payout ratio positively affects share prices of the nine selected quoted firms, whereas dividend yield possesses an adverse effect on share prices of the nine selected quoted firms in Nigeria. On the other hand, increase in firm size possesses an adverse effect on share prices of the nine selected quoted firms in the case of Nigeria. Recommendations and policy options relevant to firms and stakeholders at large were proffered herein.

Suggested Citation

  • Ndukwe Orji Dibia, 2021. "Impact Of Dividend Policy On Stock Price: Evidence From Banks, Oil & Gas And Food & Beverages Firms Listed On The Nigeria Stock Exchange," Post-Print hal-05155750, HAL.
    • Handle: RePEc:hal:journl:hal-05155750
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a
    for a similarly titled item that would be available.

    More about this item

    Statistics

    Access and download statistics

    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:hal:journl:hal-05155750. 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: CCSD (email available below). General contact details of provider: https://hal.archives-ouvertes.fr/ .

    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.