Ownership Structure and Likelihood of Paying Dividend in Listed Industrial Goods Firms in Nigeria
DOI:
https://doi.org/10.61143/umyu-jafr.2(2)2021.010Keywords:
Ownership Structure, Likelihood of paying dividend, industrial goods firms in NigeriaAbstract
The study evaluated the effect of ownership structure on Likelihood of paying dividend of listed industrial goods firms in Nigeria. The study employed secondary data collected from the annual reports and accounts using an annual panel dataset from 2009 to 2016. The study applied logit regression and find that institutional and block ownership have significant effect on likelihood to pay dividend while managerial ownership reveals insignificant effect on the probability of dividend payment. Therefore, the study concludes that institutional ownership and block shareholding affect the probability of paying dividend in listed industrial goods firms in Nigeria.
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