RELATIONSHIP BETWEEN DIVIDEND YIELD AND FINANCIAL PERFORMANCE OF LISTED FIRMS AT THE NAIROBI SECURITIES EXCHANGE
This study assessed the relationship between dividend yield and financial performance of the listed companies at Nairobi Securities Exchange. Bird in hand theory anchored the study. An explanatory research design was adopted where all the 62 firms listed in Nairobi Securities Exchange (NSE) particip...
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| Format: | Article |
| Language: | English |
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“Victor Slăvescu” Centre for Financial and Monetary Research
2023-03-01
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| Series: | Financial Studies |
| Subjects: | |
| Online Access: | http://fs.icfm.ro/Paper01.FS1.2023.pdf |
| _version_ | 1797653078383525888 |
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| author | Noah KEMBOI Dickson Kamau KINYARIRO Methuselah Bichage GESAGE Justus Nderitu MAINA |
| author_facet | Noah KEMBOI Dickson Kamau KINYARIRO Methuselah Bichage GESAGE Justus Nderitu MAINA |
| author_sort | Noah KEMBOI |
| collection | DOAJ |
| description | This study assessed the relationship between dividend yield and financial performance of the listed companies at Nairobi Securities Exchange. Bird in hand theory anchored the study. An explanatory research design was adopted where all the 62 firms listed in Nairobi Securities Exchange (NSE) participated in the study. Secondary data collected from the published financial statements for the years from 2018 to 2020 by use of a data collection sheet was analysed using descriptive statistics and regression analysis. The results indicated that dividend yield had a positive and significant relationship with the performance of the listed firms at NSE. The study recommended that the listed firms should strive to have a sizable amount of the profits accrued by the firm be paid as dividends and that the listed firms should strive to be consistent in their dividend payments. |
| first_indexed | 2024-03-11T16:39:17Z |
| format | Article |
| id | doaj.art-8a156abcbdd14116b043634720786b87 |
| institution | Directory Open Access Journal |
| issn | 2066-6071 |
| language | English |
| last_indexed | 2024-03-11T16:39:17Z |
| publishDate | 2023-03-01 |
| publisher | “Victor Slăvescu” Centre for Financial and Monetary Research |
| record_format | Article |
| series | Financial Studies |
| spelling | doaj.art-8a156abcbdd14116b043634720786b872023-10-23T09:11:53Zeng“Victor Slăvescu” Centre for Financial and Monetary ResearchFinancial Studies2066-60712023-03-01271617RELATIONSHIP BETWEEN DIVIDEND YIELD AND FINANCIAL PERFORMANCE OF LISTED FIRMS AT THE NAIROBI SECURITIES EXCHANGENoah KEMBOI0Dickson Kamau KINYARIRO1Methuselah Bichage GESAGE2Justus Nderitu MAINA3Accounting and Finance Department, The Co-operative University of Kenya, Nairobi, KenyaAccounting and Finance Department, The Co-operative University of Kenya, Nairobi, KenyaSchool of Business & Economics, The Co-operative University of Kenya, Nairobi, KenyaAccounting and Finance Department, Kiriri Women’s University of Science & Technology, KenyaThis study assessed the relationship between dividend yield and financial performance of the listed companies at Nairobi Securities Exchange. Bird in hand theory anchored the study. An explanatory research design was adopted where all the 62 firms listed in Nairobi Securities Exchange (NSE) participated in the study. Secondary data collected from the published financial statements for the years from 2018 to 2020 by use of a data collection sheet was analysed using descriptive statistics and regression analysis. The results indicated that dividend yield had a positive and significant relationship with the performance of the listed firms at NSE. The study recommended that the listed firms should strive to have a sizable amount of the profits accrued by the firm be paid as dividends and that the listed firms should strive to be consistent in their dividend payments.http://fs.icfm.ro/Paper01.FS1.2023.pdfearningsbird-in-hand theorydividend policyinvestment decision |
| spellingShingle | Noah KEMBOI Dickson Kamau KINYARIRO Methuselah Bichage GESAGE Justus Nderitu MAINA RELATIONSHIP BETWEEN DIVIDEND YIELD AND FINANCIAL PERFORMANCE OF LISTED FIRMS AT THE NAIROBI SECURITIES EXCHANGE Financial Studies earnings bird-in-hand theory dividend policy investment decision |
| title | RELATIONSHIP BETWEEN DIVIDEND YIELD AND FINANCIAL PERFORMANCE OF LISTED FIRMS AT THE NAIROBI SECURITIES EXCHANGE |
| title_full | RELATIONSHIP BETWEEN DIVIDEND YIELD AND FINANCIAL PERFORMANCE OF LISTED FIRMS AT THE NAIROBI SECURITIES EXCHANGE |
| title_fullStr | RELATIONSHIP BETWEEN DIVIDEND YIELD AND FINANCIAL PERFORMANCE OF LISTED FIRMS AT THE NAIROBI SECURITIES EXCHANGE |
| title_full_unstemmed | RELATIONSHIP BETWEEN DIVIDEND YIELD AND FINANCIAL PERFORMANCE OF LISTED FIRMS AT THE NAIROBI SECURITIES EXCHANGE |
| title_short | RELATIONSHIP BETWEEN DIVIDEND YIELD AND FINANCIAL PERFORMANCE OF LISTED FIRMS AT THE NAIROBI SECURITIES EXCHANGE |
| title_sort | relationship between dividend yield and financial performance of listed firms at the nairobi securities exchange |
| topic | earnings bird-in-hand theory dividend policy investment decision |
| url | http://fs.icfm.ro/Paper01.FS1.2023.pdf |
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