{"id":2874,"date":"2024-10-08T11:51:11","date_gmt":"2024-10-08T11:51:11","guid":{"rendered":"https:\/\/ujm.com.ng\/?p=2874"},"modified":"2024-10-08T11:51:14","modified_gmt":"2024-10-08T11:51:14","slug":"determinants-of-dividend-payout-of-selected-quoted-brewery-firms-in-the-nigerian-exchange-group","status":"publish","type":"post","link":"https:\/\/ujm.com.ng\/index.php\/2024\/10\/08\/determinants-of-dividend-payout-of-selected-quoted-brewery-firms-in-the-nigerian-exchange-group\/","title":{"rendered":"Determinants of Dividend Payout of Selected Quoted Brewery Firms in the Nigerian Exchange Group"},"content":{"rendered":"\n<p class=\"has-text-align-center\"><strong><sup>1<\/sup>OSEMWENKHAE, O. &amp; <sup>2<\/sup>AIGBOVO, O.<\/strong><br><em><sup>1<\/sup>Department of Entrepreneurship, Faculty of Management Sciences<br>University of Benin, Benin City, Nigeria<br><sup>2<\/sup>Department of Finance, Faculty of Management Sciences<br>University of Benin, Benin City Nigeria<br>*For correspondence, email: osabuohien.osemwenkhae@uniben.edu<\/em><\/p>\n\n\n\n<p><strong>Abstract<\/strong><br>The study examined at the factors that affect listed brewery firms dividend payouts in Nigeria between 2014 to 2022. Secondary data were employed using a longitudinal research approach. The population of the study is made up of 5 brewery firms quoted on the Nigerian Exchange Group (NGX) as at December 31st, 2022, of which four brewery firms with published annual reports and accounts for the period of the study were selected to comprise the study&#8217;s sample and the sample was chosen using purposive sampling technique. The Panel Least Squares estimation method was used to estimate the model. The results of the study show that the dividend payout of Nigeria&#8217;s listed brewery firms is highly influenced by firm size and leverage. Nevertheless, it was shown that the dividend distribution was not significantly influenced by profitability and firm age with the enumerated brewery firms used for this research. The study suggests that investors who prefer regular bonus payment should invest in large and highly leveraged brewery firms since firm size and leverage stimulates payment of dividend by brewery firms in Nigeria. Also, investors should not be convinced by the firms\u2018 age and profitability as firm age and profitability did not significantly influence dividend payout of listed brewery firms in Nigeria.<\/p>\n\n\n\n<p><strong>Keywords:<\/strong> Dividend Payout, Firm Age, Firm Size, Brewery Firms, Nigeria Exchange Group<\/p>\n\n\n\n<p class=\"has-text-align-center\"><strong><a href=\"https:\/\/ujm.com.ng\/wp-content\/uploads\/2024\/10\/2024-UJM-Vol-3-No.2-Special-30.09.2024.-286-304.pdf\">DOWNLOAD FULL ARTICLE IN PDF<\/a><\/strong><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>1OSEMWENKHAE, O. &amp; 2AIGBOVO, O.1Department of Entrepreneurship, Faculty of Management SciencesUniversity of Benin, Benin City, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2865,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[160],"tags":[159],"class_list":["post-2874","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dividend-payout","tag-dividend"],"aioseo_notices":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - 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