THE EFFECT OF DIVIDEND POLICY ON THE MARKET PRICE OF SHARES IN NIGERIA: CASE STUDY OF FIFTEEN QUOTED COMPANIES By Dr. J. J. Adefila Department of Accountancy‚ University of Maiduguri‚ Dr. J. A. Oladipo and J.O Adeoti‚ Both of the Department of Business Administration‚ University of Ilorin ABSTRACT The issue of how much a company should pay its stockholders‚ as dividend is one that has been of concern to managers for a long time. The optimal dividend policy of a firm may be defined as the best
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Paper Presentation on Dividend Theory (a theoretical review) 9 Presented by: |ABDULMUMIN‚ Biliqees Ayoola |UIL/PG2012/105873 | |ADEJARE‚ Rukayat Bukola |UIL/PG2012/104601 | |AMUJO‚ Emmanuel Temitope |UIL/PG2012/103958
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ONE 1 INTRODUCTION The term dividend refers to that part of profits of a company which is distributed by the company among its shareholders. It is the reward of the shareholders for investments made by them in the shares of the company. The investors are interested in earning the maximum return on their investments and to maximize their wealth. A company‚ on the other hand‚ needs to provide funds to finance its long-term growth. If a company pays out as dividend most of what it earns‚ then for
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INTRODUCTION That report is a detailed review of dividend policy and whether or not could affect the market value of the company. When companies make profits‚ managers have to decide either to reinvest those profits for the good of company or either they could pay out the owners (shareholders) of the firm in dividends. Once they decide to pay dividends they may possibly establish a permanent dividend policy‚ which is the set of guidelines a company uses in order to decide how much of its profits
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Introduction A dividend is termed as a portion of a firm’s earnings that is returned to its shareholders. Dividends offer a further motif for investors to hold or even increase their investments. A lot of companies‚ mature or young‚ large or small‚ pay stable dividend. It is true that high dividend yield is important for current investors because it indicates‚ to some degree‚ a firm’s financial well being‚ but paying 100% of its earnings as dividend is not financially wise. Instead of paying dividends‚ fluid
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Internship Report on Dividend Policy of Uttara Bank Limited Prepared to Md. Rizvy Ahmed Lecturer Faculty of Business Administration Eastern University Prepared by Md. Aminul IslamSarker ID: 082200122 Batch: 16th Major in Finance group Bachelor of Business Administration (Spring semester2013) Mail Address: aminulefg@yahoo.com Eastern University Acknowledgement My first and foremost gratitude goes to Mr. ShuvoMondal‚ my supervisor at Jatrabari Branch of Uttara
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Dividend Theory 1. Discuss the factors which may impact on a firm’s dividend policy? .Industry and Company Variations Payout ratios vary amongst different industries e.g. firms within the telecoms and utilities sectors may typically payout around 60% of earnings in dividends‚ whilst retailers and computer software companies may typically payout around 20% of earnings in dividends Legal Constraints 1. Legal constraints can be viewed in the context of three broad areas;
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Introduction The optimal dividend policy of a firm depends on investor’s desire for capital gains as opposed to income‚ their willingness to forgo dividend now for future returns‚ and their perception of the risk associated with postponement of returns. However any normative approach to dividend policy intended to be operative under real world conditions should consider the firms investment opportunities‚ any preferences that investors have for dividends as opposed to capital gains and vice
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ASSIGNMENT ON Analysis of financial statement using ratio analysis of Power & Fuel Sector Submitted To: Ms. Rumana Ahmed Assistant Professors Department of Accounting & Information Systems Faculty of Business Studies Univeristy of Dhaka Submitted By A.H.A Elahi Rumi…….11221032 Md.Shahidur Rahman…11221049 Md.Nuruzzaman……….10915052 Faysal Ahmed………….11120029 Md.Lear Hossain……….11222052 Shovan Ahmed…………11222012 Program: MBA (Evening) Date of submission: February 5‚
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DIVIDEND POLICY * Under dividend policy you should be ale to explain the following: * Dividend and types of dividend * Dividend policies and factors that affect dividend policy * Theories of dividend policy * It is a proportion of annual accounting profit or accumulated profit paid out to shareholders either in the form of cash or shares. * Dividend is recommended by the Board of directors for the approval of shareholders at Annual General Meeting (AGM). Shareholders can
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