Determinants of Dividend Policy: A study of selected listed Firms in Nigeria
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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.
Keywords
HF5601 Accounting