Department Business Administration

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Browsing Department Business Administration by Author "Abdul, F.A"

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    Effect of Dividend Payment Pattern on Corporate Performance: Evidence from First Bank Nigeria Plc
    (Department of Business Administration, Ibrahim Badamasi Babangida, University, Lapai, Niger State-Nigeria, 2012-12-23) Aun, I I; Abdul, F.A; Yusuf. I
    ABSTRACT A high dividend payment is more important to investors looking forward to secure current income to maximise their earnings, while management may probably want to retain profit. Thus, organisations are faced with the problem of the type of dividend policy that would increase investment and shareholders' wealth as well as profitability and growth of the company. The study examines the effect of dividend payment pattern on profitability and growth of the firm the effect of poor or bad dividend payment on the value of shares to corporate firms and the effect of poor or bad dividend payment patterns on the shareholders of corporate firms. Primary data were used for the study, which were generated through a questionnaire. Convenience sampling was used to select staff of First Bank PLC, Ilorin branches. Ordinary least squares regression analysis method was used to analyse the data gathered. The result of the analysis shows that the p-value is 0.037 and is less than the significance level at 0.05. Based on the results of the analysis, it is concluded that cash dividend payment pattern improve the growth, profitability and expectations of the shareholders, who usually build confidence in the firm Therefore, it is recommended that companies should endeavor to include leverage in their capital structure, so as to increase shareholders' wealth