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The impact of dividend policy on the shareholders value of listed firms in the Nigerian petroleum marketing industry

Dividend policy is directed towards establishing the proportion of current income that should be retained in the firm and the proportion that should be distributed among its shareholders. This study, therefore, assessed the impact of dividend policy on the value of listed firms in the Nigerian petro...

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Main Authors: Tijjani, A. A., Alifiah, M. N., Wakil, G. K.
Format: Article
Language:English
Published: Blue Eyes Intelligence Engineering and Sciences Publication 2019
Subjects:
TP Chemical technology
Online Access:http://eprints.utm.my/id/eprint/89525/1/AlhajiAliTihhani2019_TheImpactofDividendPolicy.pdf
http://eprints.utm.my/id/eprint/89525/
http://www.dx.doi.org/10.35940/ijrte.B1185.0982S919
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spelling my.utm.895252021-02-09T05:01:24Z http://eprints.utm.my/id/eprint/89525/ The impact of dividend policy on the shareholders value of listed firms in the Nigerian petroleum marketing industry Tijjani, A. A. Alifiah, M. N. Wakil, G. K. TP Chemical technology Dividend policy is directed towards establishing the proportion of current income that should be retained in the firm and the proportion that should be distributed among its shareholders. This study, therefore, assessed the impact of dividend policy on the value of listed firms in the Nigerian petroleum marketing industry. six firms, out of eight that are quoted on the Nigerian Stock Exchange (NSE) were selected as sample for the study. Data were collected from secondary sources. Annual reports and accounts of the selected firms, daily official lists and facts books of the NSE for the period of 2008-2017 form the source of the data. egression was used in analyzing the data. The findings revealed that payment of dividend by petroleum marketing firms in Nigeria positively influence the market price of their shares. Based on these findings, the study concluded that dividend policy of petroleum marketing firms in Nigeria affects the value of the firms. Based on this conclusion, the study recommends that management need to identify the shareholder’s interest in setting up a dividend policy that would balance their needs and retention for recapitalization to maximize value of the firms. Blue Eyes Intelligence Engineering and Sciences Publication 2019 Article PeerReviewed application/pdf en http://eprints.utm.my/id/eprint/89525/1/AlhajiAliTihhani2019_TheImpactofDividendPolicy.pdf Tijjani, A. A. and Alifiah, M. N. and Wakil, G. K. (2019) The impact of dividend policy on the shareholders value of listed firms in the Nigerian petroleum marketing industry. International Journal of Recent Technology and Engineering, 8 (2). pp. 902-905. ISSN 2277-3878 http://www.dx.doi.org/10.35940/ijrte.B1185.0982S919 DOI: 10.35940/ijrte.B1185.0982S919
institution Universiti Teknologi Malaysia
building UTM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Teknologi Malaysia
content_source UTM Institutional Repository
url_provider http://eprints.utm.my/
language English
topic TP Chemical technology
spellingShingle TP Chemical technology
Tijjani, A. A.
Alifiah, M. N.
Wakil, G. K.
The impact of dividend policy on the shareholders value of listed firms in the Nigerian petroleum marketing industry
description Dividend policy is directed towards establishing the proportion of current income that should be retained in the firm and the proportion that should be distributed among its shareholders. This study, therefore, assessed the impact of dividend policy on the value of listed firms in the Nigerian petroleum marketing industry. six firms, out of eight that are quoted on the Nigerian Stock Exchange (NSE) were selected as sample for the study. Data were collected from secondary sources. Annual reports and accounts of the selected firms, daily official lists and facts books of the NSE for the period of 2008-2017 form the source of the data. egression was used in analyzing the data. The findings revealed that payment of dividend by petroleum marketing firms in Nigeria positively influence the market price of their shares. Based on these findings, the study concluded that dividend policy of petroleum marketing firms in Nigeria affects the value of the firms. Based on this conclusion, the study recommends that management need to identify the shareholder’s interest in setting up a dividend policy that would balance their needs and retention for recapitalization to maximize value of the firms.
format Article
author Tijjani, A. A.
Alifiah, M. N.
Wakil, G. K.
author_facet Tijjani, A. A.
Alifiah, M. N.
Wakil, G. K.
author_sort Tijjani, A. A.
title The impact of dividend policy on the shareholders value of listed firms in the Nigerian petroleum marketing industry
title_short The impact of dividend policy on the shareholders value of listed firms in the Nigerian petroleum marketing industry
title_full The impact of dividend policy on the shareholders value of listed firms in the Nigerian petroleum marketing industry
title_fullStr The impact of dividend policy on the shareholders value of listed firms in the Nigerian petroleum marketing industry
title_full_unstemmed The impact of dividend policy on the shareholders value of listed firms in the Nigerian petroleum marketing industry
title_sort impact of dividend policy on the shareholders value of listed firms in the nigerian petroleum marketing industry
publisher Blue Eyes Intelligence Engineering and Sciences Publication
publishDate 2019
url http://eprints.utm.my/id/eprint/89525/1/AlhajiAliTihhani2019_TheImpactofDividendPolicy.pdf
http://eprints.utm.my/id/eprint/89525/
http://www.dx.doi.org/10.35940/ijrte.B1185.0982S919
_version_ 1691733105276092416
score 13.211869

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