Dividend policy as the determinants for dividend payout ratio: evidence from Malaysia consumer industry/ Nur Aznie Atikah Zaman

The study conducted about the dividend policy as the determinants for dividend payout ratio. The study used the company listed in Bursa Malaysia under the consumer product industry. Panel data had been used to measure the total of 37 out of 130 companies listed under the consumer product industry in...

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Bibliographic Details
Main Author: Zaman, Nur Aznie Atikah
Format: Thesis
Language:English
Published: 2017
Subjects:
Online Access:https://ir.uitm.edu.my/id/eprint/108817/1/108817.pdf
https://ir.uitm.edu.my/id/eprint/108817/
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Summary:The study conducted about the dividend policy as the determinants for dividend payout ratio. The study used the company listed in Bursa Malaysia under the consumer product industry. Panel data had been used to measure the total of 37 out of 130 companies listed under the consumer product industry in Bursa Malaysia over the period 2007 to 2015. The study used 5 independent variables that consists of profitability that used return on asset (ROA) as the proxy, liquidity (CR) as the proxy also, market to book value, dividend yield, and firm size. After run the suitable tests, the study have found that only liquidity has insignificantly related to dividend payout, whereas the rest of profitability, market to book value, dividend yield and firm size are found to be significant determinant of dividend policy. However, only market to book value is negatively correlated towards dividend payout, while the rests are positively correlated. All financial factors, as independent variables, are calculated in terms of percentage. In addition, dependent variable (DPR) is also used in percentage of dividend.