Abstract: | This paper offers an empirical analysis of company dividend policy in Nigeria. The analysis is based on explicit tests of conventional models of dividend payments which have been tested and confirmed in many other studies using data from the advanced industrial countries. Sections: Introduction - Some recent studies - Model of dividend payments - Data: source, nature and problems - The regression results (determinants of dividend payments; determinants of changes in dividend payments) - Some concluding remarks. Notes, tables. |