ABSTRACT
The study
examined the impact of dividend policy on performance of petroleum industry in
Nigeria form 2000 to 2017. The study were conducted in Total Nigeria Pic and
Mobil Nigeria Plc.The specific objectives were to investigate the impact of
dividend payout ratio on return on equity of selected petroleum firms in
Nigeria, to investigate the impact of dividend yield on return on equity
ofselected petroleum firms in Nigeria and to investigate the impact of dividend-to-total
assets ratio on return on equity of selected petroleum firms in Nigeria. The
adopted ex-postfacto research design. The secondary data was used for the study
and the data was sourced from financial statement of Total Nigeria Pic and
Mobil Nigeria Pic. The data was analyzed with multiple regression analysis. The
result of the study revealed that dividend payout ratio has positive and
significant impact on return on equity of selected petroleum firms in Nigeria,
dividend yield has positive and significant impact on return on equity of
selected petroleum firms in Nigeria and dividend-to-total assets ratio has
positive and significant impact on return on equity of selected petroleum firms
in Nigeria. It was recommended that management ofthe study companies should
effectively appropriate fund available to them and manage it in such a way that
more profit can be generate which will in turn lead to increase in the
shareholders’ dividend.
SMART, S (2024). Impact of Dividend Policy on Performance of Petroleum Industry in Nigeria:- Smart Ure N. Mouau.afribary.org: Retrieved Nov 25, 2024, from https://repository.mouau.edu.ng/work/view/impact-of-dividend-policy-on-performance-of-petroleum-industry-in-nigeria-smart-ure-n-7-2
SMART, SMART. "Impact of Dividend Policy on Performance of Petroleum Industry in Nigeria:- Smart Ure N" Mouau.afribary.org. Mouau.afribary.org, 05 Jul. 2024, https://repository.mouau.edu.ng/work/view/impact-of-dividend-policy-on-performance-of-petroleum-industry-in-nigeria-smart-ure-n-7-2. Accessed 25 Nov. 2024.
SMART, SMART. "Impact of Dividend Policy on Performance of Petroleum Industry in Nigeria:- Smart Ure N". Mouau.afribary.org, Mouau.afribary.org, 05 Jul. 2024. Web. 25 Nov. 2024. < https://repository.mouau.edu.ng/work/view/impact-of-dividend-policy-on-performance-of-petroleum-industry-in-nigeria-smart-ure-n-7-2 >.
SMART, SMART. "Impact of Dividend Policy on Performance of Petroleum Industry in Nigeria:- Smart Ure N" Mouau.afribary.org (2024). Accessed 25 Nov. 2024. https://repository.mouau.edu.ng/work/view/impact-of-dividend-policy-on-performance-of-petroleum-industry-in-nigeria-smart-ure-n-7-2