THE DETERMINANTS OF DIVIDEND PAYOUT IN THE NIGERIAN BANKING INDUSTRY

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dc.contributor.authorABUBAKAR, NASIRUDEEN
dc.date.accessioned2014-02-05T11:34:01Z
dc.date.available2014-02-05T11:34:01Z
dc.date.issued2011-05
dc.descriptionA THESIS SUBMITTED TO THE POST-GRADUATE SCHOOL, AHMADU BELLO UNIVERSITY, ZARIA IN PARTIAL FULFILMENT OF THE REQUIREMENTS FOR THE AWARD OF M.Sc. ACCOUNTING AND FINANCEen_US
dc.description.abstractDividend policy in the Nigerian Banking Industry differs as each bank decides on what, how and when to pay dividend to its shareholders. The purpose of the study is to ascertain the determinants of dividend payout in the Nigerian banking industry. The specific objectives were to determine the effect of profit after tax, shareholders fund, liquidity, risk, and financial leverage on the dividend payout in the Nigerian banking industry. The study used five sampled banks quoted on the banking subsector of the Nigerian Stock exchange as at December 2008. Secondary data were used for the research work and the data were obtained from Nigerian stock Exchange (NSE) Fact Books from 2001 to 2008 and the financial Statement of the sampled banks for all the years covered by the study. The variables used were the dividend payout, profit after tax, shareholders fund, liquidity represented by cash and bank balances with central bank of Nigeria, risk represented by loan loss provision and financial leverage represented by long term borrowing. The analytical technique used was the multiple regression analysis. The findings reveal that profit after tax, shareholders fund, liquidity, risk and financial leverage are major determinants of dividend payout of banks in Nigeria, while liquidity and risk are the most critical factors determining dividend payout of banks in Nigeria. Nigerian Banks should improve their liquidity position byretaining more earnings and reducing loan lossen_US
dc.identifier.urihttp://hdl.handle.net/123456789/328
dc.language.isoenen_US
dc.subjectDETERMINANTSen_US
dc.subjectDIVIDENDen_US
dc.subjectPAYOUTen_US
dc.subjectNIGERIANen_US
dc.subjectBANKINGen_US
dc.subjectINDUSTRYen_US
dc.titleTHE DETERMINANTS OF DIVIDEND PAYOUT IN THE NIGERIAN BANKING INDUSTRYen_US
dc.typeThesisen_US
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