EFFECT OF FIRM CHARACTERISTICS ON DIVIDEND PAYOUT OF LISTED INSURANCE COMPANIES IN NIGERIA
Abstract
This study investigates the effect of firm characteristics on dividend payout of listed insurance companies in Nigeria. The research focuses on key variables such as profitability, firm size, liquidity, and leverage. Secondary data were obtained from the annual reports of selected insurance firms over a specified period. Statistical tools such as regression analysis were used to analyze the data. Findings revealed that profitability and firm size have a significant positive effect on dividend payout, while leverage shows a negative relationship. The study concludes that firm characteristics play a vital role in determining dividend policies and recommends improved financial management practices.
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