ABSTRACT
This study investigated the determinants of the dividend policy of listed brewery compan... more ABSTRACT This study investigated the determinants of the dividend policy of listed brewery companies in Nigeria. Data used in the study was sourced from the annual published account of Nigerian Breweries from 2006-2014. The study adopted the expo-facto design. The study employed the use of OLS multiple regression to determine the effect of the independent variable on the dependent variable. Furthermore, the T-test statistics was used to test the null hypotheses of the study at 5% level of significance for a two tailed test. Findings from the study revealed that company size and tax are significant determinants of dividend of Nigerian Breweries while financial leverage, profitability are not significant determinants of dividends policy of Nigerian Breweries. The study recommends amongst others the need for organizations to ensure they have a good and robust dividend policy in place. Key words: Dividend policy, Determinants, Financing, Investment, Performance
ABSTRACT
This study investigated the determinants of the dividend policy of listed brewery compan... more ABSTRACT This study investigated the determinants of the dividend policy of listed brewery companies in Nigeria. Data used in the study was sourced from the annual published account of Nigerian Breweries from 2006-2014. The study adopted the expo-facto design. The study employed the use of OLS multiple regression to determine the effect of the independent variable on the dependent variable. Furthermore, the T-test statistics was used to test the null hypotheses of the study at 5% level of significance for a two tailed test. Findings from the study revealed that company size and tax are significant determinants of dividend of Nigerian Breweries while financial leverage, profitability are not significant determinants of dividends policy of Nigerian Breweries. The study recommends amongst others the need for organizations to ensure they have a good and robust dividend policy in place. Key words: Dividend policy, Determinants, Financing, Investment, Performance
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This study investigated the determinants of the dividend policy of listed brewery companies in Nigeria. Data used in the study was sourced from the annual published account of Nigerian Breweries from 2006-2014. The study adopted the expo-facto design. The study employed the use of OLS multiple regression to determine the effect of the independent variable on the dependent variable. Furthermore, the T-test statistics was used to test the null hypotheses of the study at 5% level of significance for a two tailed test. Findings from the study revealed that company size and tax are significant determinants of dividend of Nigerian Breweries while financial leverage, profitability are not significant determinants of dividends policy of Nigerian Breweries. The study recommends amongst others the need for organizations to ensure they have a good and robust dividend policy in place.
Key words: Dividend policy, Determinants, Financing, Investment, Performance
This study investigated the determinants of the dividend policy of listed brewery companies in Nigeria. Data used in the study was sourced from the annual published account of Nigerian Breweries from 2006-2014. The study adopted the expo-facto design. The study employed the use of OLS multiple regression to determine the effect of the independent variable on the dependent variable. Furthermore, the T-test statistics was used to test the null hypotheses of the study at 5% level of significance for a two tailed test. Findings from the study revealed that company size and tax are significant determinants of dividend of Nigerian Breweries while financial leverage, profitability are not significant determinants of dividends policy of Nigerian Breweries. The study recommends amongst others the need for organizations to ensure they have a good and robust dividend policy in place.
Key words: Dividend policy, Determinants, Financing, Investment, Performance