Determinants of Dividend Policy of Selected Quoted Health Sector Firms in Nigeria
1 Department of Business Administration & Management, Federal Polytechnic Nasarawa, Nasarawa State, Nigeria.
2 Department of Business Administration, Nasarawa Nasarawa State University, Keffi, Nasarawa State
* Corresponding author: sadiqmusa2249@gmail.com
2 Department of Business Administration, Nasarawa Nasarawa State University, Keffi, Nasarawa State
* Corresponding author: sadiqmusa2249@gmail.com
Abstract
This study investigated the determinants of policy of dividend of quoted health sector firm in
the Nigerian Exchange Group. Data of ten years (2012-2021) were collected. The population
of the study cuts across 10 firms. Purposive sampling method was employed to select a
sample of three firms. The data were gathered from the listed companies' published annual
financial reports. The facts were described utilizing description from statistics and
hypotheses were tested on whether the variables correlate using Pearson correlation
analysis. Panel regression was used. It is discovered that return on assets, financial leverage,
tax and firm size all are significant determinants of dividend policy. It is recommended that
among others that the firms’ management should continue improving on their size by
investing more on projects/assets with a positive net present value to expand operations.
Keywords
Dividend Policy
Previous Dividend
Profitability
Financial Leverage
Firm Growth
How to Cite
Abdul-Khadir, M. S., Usman, S. A., & Opanaki, I. I. (2023). Determinants of Dividend Policy of Selected Quoted Health Sector Firms in Nigeria. Bayero Business Review, 7(1), 241-258.
M. S. Abdul-Khadir, S. A. Usman, and I. I. Opanaki, "Determinants of Dividend Policy of Selected Quoted Health Sector Firms in Nigeria," Bayero Business Review, vol. 7, no. 1, pp. 241-258, September 2023.
