The Dividend Puzzle: Evidence from Listed Construction and Allied Firms in Kenya
Journal Title: IOSR journal of Business and Management - Year 2019, Vol 21, Issue 1
Abstract
The purpose of this study was to investigate the relationship between dividend payout ratioand return on assets of construction and allied sector firms quoted at the Nairobi Securities Exchange in Kenya. The audited financial statements of 5 listed firms for the eight-year period between 2010 and 2017 was used. Multiple regression analysis was applied on the variables used in the study. Dividend payout ratiowas the independent variable while the dependent variable wasreturn on assets. The study findings revealed that dividend payout ratio had a significant positive correlation with firms’ return on assets.
Authors and Affiliations
Francis Mambo Gatumo PhD, Kizito Ojilong’ Omukaga
Keywords
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- EP ID EP441380
- DOI 10.9790/487X-2101026567.
- Views 87
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