Dividend Policy and Financial Performance of Consumer Goods Companies In Nigeria

Registration ID: IJNRD_217936

Published ID: IJNRD2404908

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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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AKINULI BANKOLE OLU & Dr. Obayagbona, Joel (April-2024). Dividend Policy and Financial Performance of Consumer Goods Companies In Nigeria. INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT, 9(4), j77-j95. 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: 000121988

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

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