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Effect of dividend policy on stock prices: analysis of listed banks in Nigeria

Link to publisher's homepage at http://ijbt.unimap.edu.my

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Bibliographic Details
Main Author: Muhammad Shaheer, Nuhu
Other Authors: ms.nuhu@yahoo.com
Format: Article
Language:English
Published: School of Business Innovation and Technopreneurship, Universiti Malaysia Perlis (UniMAP) 2017
Subjects:
Dividend payout
Retained earnings
Corporate tax
Stock price
Online Access:http://dspace.unimap.edu.my:80/xmlui/handle/123456789/49993
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spelling my.unimap-499932018-07-24T02:51:58Z Effect of dividend policy on stock prices: analysis of listed banks in Nigeria Muhammad Shaheer, Nuhu ms.nuhu@yahoo.com Dividend payout Retained earnings Corporate tax Stock price Link to publisher's homepage at http://ijbt.unimap.edu.my The purpose of this study was to examine the relationship between dividend payout, retained earnings, corporate tax and stock prices with a focus on the Nigerian banking sector. The population of the study comprises of banks that are listed in the Nigerian Stock Exchange. The study samples were selected using purposive sampling method. Data were collected from the Annual report and accounts of the sampled banks for a period of ten years (2006- 2015). The Ordinary Least Square Regression Model was used to estimate the relationship between dividend pay-out, retained earnings, corporate tax and stock prices with the aid of Statistical Package for Social Science (SPSS). Regression Results shows that dividend pay-out has significant positive relationship with stock market prices. The study also revealed that retained earnings have a significant positive relationship with share prices. Corporate tax, has significant negative relationship with the stock prices of the listed commercial banks in Nigeria. 2017-10-16T06:55:54Z 2017-10-16T06:55:54Z 2016-10 Article International Journal of Business and Technopreneurship, vol.6(3), 2016, pages 379-392 2231-7090 2232-1543 (online) http://dspace.unimap.edu.my:80/xmlui/handle/123456789/49993 http://ijbt.unimap.edu.my en School of Business Innovation and Technopreneurship, Universiti Malaysia Perlis (UniMAP)
institution Universiti Malaysia Perlis
building UniMAP Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Malaysia Perlis
content_source UniMAP Library Digital Repository
url_provider http://dspace.unimap.edu.my/
language English
topic Dividend payout
Retained earnings
Corporate tax
Stock price
spellingShingle Dividend payout
Retained earnings
Corporate tax
Stock price
Muhammad Shaheer, Nuhu
Effect of dividend policy on stock prices: analysis of listed banks in Nigeria
description Link to publisher's homepage at http://ijbt.unimap.edu.my
author2 ms.nuhu@yahoo.com
author_facet ms.nuhu@yahoo.com
Muhammad Shaheer, Nuhu
format Article
author Muhammad Shaheer, Nuhu
author_sort Muhammad Shaheer, Nuhu
title Effect of dividend policy on stock prices: analysis of listed banks in Nigeria
title_short Effect of dividend policy on stock prices: analysis of listed banks in Nigeria
title_full Effect of dividend policy on stock prices: analysis of listed banks in Nigeria
title_fullStr Effect of dividend policy on stock prices: analysis of listed banks in Nigeria
title_full_unstemmed Effect of dividend policy on stock prices: analysis of listed banks in Nigeria
title_sort effect of dividend policy on stock prices: analysis of listed banks in nigeria
publisher School of Business Innovation and Technopreneurship, Universiti Malaysia Perlis (UniMAP)
publishDate 2017
url http://dspace.unimap.edu.my:80/xmlui/handle/123456789/49993
_version_ 1643804052592525312
score 13.222552

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