Effect Of Dividend Policy On Profitability Of Quoted Oil And Gas Companies (A Study Of Some Selected Oil And Gas Companies)
ABSTRACT
This research work examined the effect of
dividend policy on the profitability of quoted oil and gas companies. The
objective of the study is to determine effect dividend policy on the
profitability of quoted oil and gas companies. The research designed used was
ex post facto research design. Data were sourced from secondary sources.
Analysis of data and testing of hypotheses were done through the aid of statistical
tools such as tables, and multiple regression model. The findings from data
analyzed indicates that dividend policy has signflcant effect on the
profitability of the studied quoted companies dividend policy has signficant
effect on the profit after tax; dividend policy has signfIcant effect on return
on asset; dividend policy has significant effect on the return on investment
companies under study. The study however recommends that Oil and gas firms
willing to maximize shareholders wealth and firms value should endeavour to
consistently increase their dividend payout ratio as this sends a signal that
the firm is financially healthy. Secondly, retained earnings should be set
aside whenever possible as this could positively impact the profitability of oil
and gas firms in Nigeria and finally the board directors of oil and gas firms
should be prudent in declaring dividend as higher dividend could mean that the
share price are underpriced which could affect future dividends
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OHAKWEM, C (2021). Effect Of Dividend Policy On Profitability Of Quoted Oil And Gas Companies (A Study Of Some Selected Oil And Gas Companies). Repository.mouau.edu.ng: Retrieved Nov 26, 2024, from https://repository.mouau.edu.ng/work/view/effect-of-dividend-policy-on-profitability-of-quoted-oil-and-gas-companies-a-study-of-some-selected-oil-and-gas-companies-7-2
CYNTHIA, OHAKWEM. "Effect Of Dividend Policy On Profitability Of Quoted Oil And Gas Companies (A Study Of Some Selected Oil And Gas Companies)" Repository.mouau.edu.ng. Repository.mouau.edu.ng, 01 Jul. 2021, https://repository.mouau.edu.ng/work/view/effect-of-dividend-policy-on-profitability-of-quoted-oil-and-gas-companies-a-study-of-some-selected-oil-and-gas-companies-7-2. Accessed 26 Nov. 2024.
CYNTHIA, OHAKWEM. "Effect Of Dividend Policy On Profitability Of Quoted Oil And Gas Companies (A Study Of Some Selected Oil And Gas Companies)". Repository.mouau.edu.ng, Repository.mouau.edu.ng, 01 Jul. 2021. Web. 26 Nov. 2024. < https://repository.mouau.edu.ng/work/view/effect-of-dividend-policy-on-profitability-of-quoted-oil-and-gas-companies-a-study-of-some-selected-oil-and-gas-companies-7-2 >.
CYNTHIA, OHAKWEM. "Effect Of Dividend Policy On Profitability Of Quoted Oil And Gas Companies (A Study Of Some Selected Oil And Gas Companies)" Repository.mouau.edu.ng (2021). Accessed 26 Nov. 2024. https://repository.mouau.edu.ng/work/view/effect-of-dividend-policy-on-profitability-of-quoted-oil-and-gas-companies-a-study-of-some-selected-oil-and-gas-companies-7-2