Research Article

Determinants of Dividend Policy of Selected Quoted Health Sector Firms in Nigeria

Musa Sadiq Abdul-Khadir1*, Salamatu Aliyu Usman2, Ibrahim Isyaku Opanaki2
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
Published: Sep, 2023
DOI: 10.67894/bbr.2023.xjo4dp5t
Pages: 241-258
Views: 10
Downloads: 4

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

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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. https://doi.org/10.67894/bbr.2023.xjo4dp5t

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. doi: 10.67894/bbr.2023.xjo4dp5t

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