Dividend Policy and Financial Performance of Consumer Goods Companies In Nigeria

Dividend Policy and Financial Performance of Consumer Goods Companies In Nigeria

Registration ID: IJNRD_217936

Published ID: IJNRD2404908

DOI: Click Here to Get

AKINULI BANKOLE OLU , Dr. Obayagbona, Joel

Dividend policy, financial performance, consumer goods, Nigeria

Dividend policy, a critical decision for listed companies, involves determining the allocation of profits for retention or distribution as dividends to shareholders. This decision hinges on dynamics such as liquidness and investment prospects. The business performance of companies serves as a pivotal indicator of their sustainability, capturing the interest of investors. This study aimed to assess the impact of dividend policy on Nigerian consumer goods companies, specifically examining the effects of dividend payout, dividend yield, and firm size on financial performance. The study population comprised 169 companies listed on the Nigerian Stock Exchange as of December 31, 2022, with a sample of six companies analyzed over a ten-year period (2012-2021). The findings indicate that dividend payout, dividend yield, and firm size exerted a positive and significant influence on return on assets, while firm liquidity demonstrated a substantial adverse influence on the financial performance of consumer goods companies in Nigeria during the investigation period

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"Dividend Policy and Financial Performance of Consumer Goods Companies In Nigeria", IJNRD - INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT (www.IJNRD.org), ISSN:2456-4184, Vol.9, Issue 4, page no.j77-j95, April-2024, Available :https://ijnrd.org/papers/IJNRD2404908.pdf

Volume 9 Issue 4, April-2024

Pages : j77-j95

Paper Reg. ID: IJNRD_217936

Published Paper Id: IJNRD2404908

Downloads: 000121299

Research Area: Social Science and Humanities 

Country: Owo, Ondo State, Nigeria

Published Paper PDF: https://ijnrd.org/papers/IJNRD2404908.pdf

Published Paper URL: https://ijnrd.org/viewpaperforall?paper=IJNRD2404908

Journal Name: INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT(IJNRD)

ISSN: 2456-4184 | IMPACT FACTOR: 8.76 Calculated By Google Scholar | ESTD YEAR: 2016

An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.76 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator

Publisher: IJNRD (IJ Publication) Janvi Wave

This work is licensed under a Creative Commons Attribution 4.0 International License and The Open Definition

Call For Paper - Volume 10 | Issue 8 | August 2025

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INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT (IJNRD) aims to explore advances in research pertaining to applied, theoretical and experimental Technological studies. The goal is to promote scientific information interchange between researchers, developers, engineers, students, and practitioners working in and around the world. IJNRD will provide an opportunity for practitioners and educators of engineering field to exchange research evidence, models of best practice and innovative ideas.

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