Effect of Dividend payment on corporate Performance of Firms (Case study of quoted Oil and Gas companies in Nigeria):- Nwafor Assumpta C
ABSTRACT
The aim of this study is to analyze the Effect of
dividend payment on corporate performance ofquoted oil and Gas companies in
Nigeria. Dividendpaid -was used as a proxy for dividend payment which is the
independent variable while ROE, ROCE, ROA and NPMwas used as proxyfor
performance which is the dependent variable. The study uses data of4 companies
out of13 quoted oil and Gas companies as at 2018, for the period of5 years,
2014-2018. Purposive sampling method was used as a sampling technique, data was
collected and analyzed using ordinary least method ofsimple regression
analysis. From the result ofthe empirical investigation which addressed the
stated objectives, research questions and hypothesis of the study, the work
concludes among others that there is no significant effect ofdividend payment
on performance (return on capital employed, return on asset, return on equity
and net profit margin) oflisted oil and gas companies in Nigeria. Based on the
findings, the study recommends that; Oil and gas firms willing to maximize
shareholder’s wealth andprofitability should endeavorto consistently increase
their dividend payment as this sends signal to potential investors that the
firm is financially healthy, Management of oil and gas firms should set aside
retained earnings wheneverpossible as this couldpositively impact
theirperformance, Keywords: Dividend payment, Performance Variables, OLS,
quoted oil and gas companies
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MICHAEL, U (2024). Effect of Dividend payment on corporate Performance of Firms (Case study of quoted Oil and Gas companies in Nigeria):- Nwafor Assumpta C. Mouau.afribary.org: Retrieved Oct 30, 2024, from https://repository.mouau.edu.ng/work/view/effect-of-dividend-payment-on-corporate-performance-of-firms-case-study-of-quoted-oil-and-gas-companies-in-nigeria-nwafor-assumpta-c-7-2
UNIVERSITY, MICHAEL. "Effect of Dividend payment on corporate Performance of Firms (Case study of quoted Oil and Gas companies in Nigeria):- Nwafor Assumpta C" Mouau.afribary.org. Mouau.afribary.org, 08 Aug. 2024, https://repository.mouau.edu.ng/work/view/effect-of-dividend-payment-on-corporate-performance-of-firms-case-study-of-quoted-oil-and-gas-companies-in-nigeria-nwafor-assumpta-c-7-2. Accessed 30 Oct. 2024.
UNIVERSITY, MICHAEL. "Effect of Dividend payment on corporate Performance of Firms (Case study of quoted Oil and Gas companies in Nigeria):- Nwafor Assumpta C". Mouau.afribary.org, Mouau.afribary.org, 08 Aug. 2024. Web. 30 Oct. 2024. < https://repository.mouau.edu.ng/work/view/effect-of-dividend-payment-on-corporate-performance-of-firms-case-study-of-quoted-oil-and-gas-companies-in-nigeria-nwafor-assumpta-c-7-2 >.
UNIVERSITY, MICHAEL. "Effect of Dividend payment on corporate Performance of Firms (Case study of quoted Oil and Gas companies in Nigeria):- Nwafor Assumpta C" Mouau.afribary.org (2024). Accessed 30 Oct. 2024. https://repository.mouau.edu.ng/work/view/effect-of-dividend-payment-on-corporate-performance-of-firms-case-study-of-quoted-oil-and-gas-companies-in-nigeria-nwafor-assumpta-c-7-2