“Effect of Dividend Policy on the Price of Ordinary Share of Selected Quoted Companies in Nigeria:- Ikpoh Chuamaka
ABSTRACT
The study
investigated the effect ofdividendpolicy on the market price ofshares offirms
on the Nigeria Stock Exchange (NSE). The major objectives ofthe study is to
determine the effect of dividend policy on the price of ordinary share
ofselected quoted companies in Nigeria. To achieve the objectives of the study,
expost facto research design was adopted. The researcher adopted secondary data
in getting the required information. In testing the hypotheses, regression ■was used. Data were collected
from annual report and accounts of PZ Cussons, Nigeria Breweries andNestle Pic.
Thefindings revealed that earnings volume has a significant effect on share
price volatility. The findingsfurther revealed that dividend yield, dividend
payout ratio and dividend per share has a significant impact on stock price
ofquoted companies in Nigeria. The researcher recommends that Firms should
endavour to retain some profitfor the financing and growth oftheir business.
The researcher also recommends that Companies should consider all pertinent
issues before issuing dividends. Since the share market is positively
responsive to the dividend announcement, companies should always strive to pay
divided consistentlyfor their shares to perform well at the stock exchange.
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IKPOH, C (2024). “Effect of Dividend Policy on the Price of Ordinary Share of Selected Quoted Companies in Nigeria:- Ikpoh Chuamaka. Repository.mouau.edu.ng: Retrieved Nov 23, 2024, from https://repository.mouau.edu.ng/work/view/effect-of-dividend-policy-on-the-price-of-ordinary-share-of-selected-quoted-companies-in-nigeria-ikpoh-chuamaka-7-2
CHIAMAKA, IKPOH. "“Effect of Dividend Policy on the Price of Ordinary Share of Selected Quoted Companies in Nigeria:- Ikpoh Chuamaka" Repository.mouau.edu.ng. Repository.mouau.edu.ng, 02 Aug. 2024, https://repository.mouau.edu.ng/work/view/effect-of-dividend-policy-on-the-price-of-ordinary-share-of-selected-quoted-companies-in-nigeria-ikpoh-chuamaka-7-2. Accessed 23 Nov. 2024.
CHIAMAKA, IKPOH. "“Effect of Dividend Policy on the Price of Ordinary Share of Selected Quoted Companies in Nigeria:- Ikpoh Chuamaka". Repository.mouau.edu.ng, Repository.mouau.edu.ng, 02 Aug. 2024. Web. 23 Nov. 2024. < https://repository.mouau.edu.ng/work/view/effect-of-dividend-policy-on-the-price-of-ordinary-share-of-selected-quoted-companies-in-nigeria-ikpoh-chuamaka-7-2 >.
CHIAMAKA, IKPOH. "“Effect of Dividend Policy on the Price of Ordinary Share of Selected Quoted Companies in Nigeria:- Ikpoh Chuamaka" Repository.mouau.edu.ng (2024). Accessed 23 Nov. 2024. https://repository.mouau.edu.ng/work/view/effect-of-dividend-policy-on-the-price-of-ordinary-share-of-selected-quoted-companies-in-nigeria-ikpoh-chuamaka-7-2