EFFECT OF DIVIDEND PAYOUT ON SHARE PRICE BEHAVIOUR: EVIDENCE FROM INSURANCE COMPANIES PANEL DATA

Authors

  • Kehinde Samson Oladejo School of Financial Studies, Department of Banking and Finance The Federal Polytechnic Bida, Niger State.
  • Mohammed Umar Dandadi School of Financial Studies, Department of Accountancy The Federal Polytechnic Bida, Niger State.
  • Ahmed Mohammed School of Financial Studies, Department of Accountancy The Federal Polytechnic Bida, Niger State.

Keywords:

Dividend payout, Share price, Insurance firms, Nigeria

Abstract

The dividend policy is a critical issue for all an organisation's stakeholders and is a vital
investment instrument. Therefore, this study examines the dividend payout on the share price of
listed insurance firms in Nigeria's stock exchange. The sample for the analysis consisted of all of
the insurance companies traded on the Nigerian Stock Exchange and had panel data spanning
2012/13 through 2017/18. The data were analysed using descriptive and inferential statistics
based on the findings of the multiple regression model used in this study. According to the study,
results, the most crucial factor is that dividends payout influences share price. Also, the firm size,
company age and sales growth affect the share price. According to the study's findings, dividends
play a significant part in the decision-making process for investors in Nigeria, and the dividend
policy of the companies play an integral role in the decisions that investors make in Nigeria.

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Published

2024-06-01

How to Cite

Oladejo, K. S., Dandadi, M. U., & Mohammed, A. (2024). EFFECT OF DIVIDEND PAYOUT ON SHARE PRICE BEHAVIOUR: EVIDENCE FROM INSURANCE COMPANIES PANEL DATA . TSU-International Journal of Accounting and Finance, 3(1). Retrieved from https://tsuijafc.k-publisher.com/index.php/tsuijaf/article/view/150-162

Issue

Vol. 3 No. 1 (2024): March, 2024

Section

Articles