ABSTRACT
The purpose of this study was to
examine the relationship between dividend policy and share price with a focus
on oil and gas companies listed in Nigeria stock exchange market. For this
purpose, a sample of 19 companies of oil and gas listed in Nigeria stock
exchange were selected and the relationship between share price volatility
which measured on dividend per share, earning per share, dividend yield and
payout, were examined by applying simple regression for a period of five years
from 2011 to 2015. The study adopted the ex-post facto research design which
investigates the impact of dividend policy on share market prices of oil and
gas of listed companies on the Nigeria stock and exchange. The empirical
results of this study review that the estimated coefficient of the regression
parameters have both positive and negative signs and thus while some conform
one does not conform to our a-priori expectation. Based on finding it is worthy
note that dividend policy has a great impact on the share market price of public
quoted companies of oil and gas sector of economy. Therefore, Firms should try
all their possible best in improving their total earnings from each transaction
year. Again strives to formulate a dividend policy that ensures continuity and
stability in dividend payment as this has impacts on the value of the firm etc.
EGWU, T (2021). Effect Of Dividend Policy On Share Market Price Of Quoted Oil And Gas Companies In Nigeria. Mouau.afribary.org: Retrieved Nov 27, 2024, from https://repository.mouau.edu.ng/work/view/effect-of-dividend-policy-on-share-market-price-of-quoted-oil-and-gas-companies-in-nigeria-7-2
TOCHUKWU, EGWU. "Effect Of Dividend Policy On Share Market Price Of Quoted Oil And Gas Companies In Nigeria" Mouau.afribary.org. Mouau.afribary.org, 23 Jul. 2021, https://repository.mouau.edu.ng/work/view/effect-of-dividend-policy-on-share-market-price-of-quoted-oil-and-gas-companies-in-nigeria-7-2. Accessed 27 Nov. 2024.
TOCHUKWU, EGWU. "Effect Of Dividend Policy On Share Market Price Of Quoted Oil And Gas Companies In Nigeria". Mouau.afribary.org, Mouau.afribary.org, 23 Jul. 2021. Web. 27 Nov. 2024. < https://repository.mouau.edu.ng/work/view/effect-of-dividend-policy-on-share-market-price-of-quoted-oil-and-gas-companies-in-nigeria-7-2 >.
TOCHUKWU, EGWU. "Effect Of Dividend Policy On Share Market Price Of Quoted Oil And Gas Companies In Nigeria" Mouau.afribary.org (2021). Accessed 27 Nov. 2024. https://repository.mouau.edu.ng/work/view/effect-of-dividend-policy-on-share-market-price-of-quoted-oil-and-gas-companies-in-nigeria-7-2