Nigerian Journal of Banking and Financial Issues (NJBFI)

DIVIDEND PAYOUT AND SHARE PRICES OF QUOTED FIRMS IN NIGERIA CAPITAL MARKET

Authors

  • Egbeonu Oliver Author
  • Ezike Chimezie Author

Keywords:

Error correction mode, variance ratio linear dependency, co-integration, earnings per share

Abstract

This study examines publicly traded corporation dividends from 1993 until 2024. Financial statements of selected publicly traded firms and the central bank's statistics bulletin 2024 composed the study's dataset. Profits per share were the dependent variable, whereas all share index, market capitalisation, and traded share value were independent. The research demonstrated a positive and substantial relationship between the dependent and independent variables. We believe stock market regulators should let traders to participate. Thus, trading conditions will improve and share prices will rise.

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Published

2026-03-17

Issue

Vol. 12 No. 1 (2026): Nigerian Journal of Banking and Financial Issues (NJBFI)

Section

Articles