Abstract: The main objective of the study was to assess the determinants of dividend payout of listed firms in Kenya. The study adapted a causal research design and used qualitative information. The target population was sixty four (64) firms listed at the Nairobi Securities Exchange. A questionnaire was the preferred instrument for data collection. The researcher gave out 64 questionnaires and received 43 for analysis representing 67% response rate which was considered adequate. Data analysis was done with the help of SPSS and it brought out the relationship between dividend payout and its determinants. The findings revealed that the variables considered in this study namely profitability, cash flow, sales growth and market value had a positive relationship with dividend payout.
Keywords: Dividend payout, Probability, Cashflow, Sales growth.
Title: FINANCIAL DETERMINANTS OF DIVIDEND PAYOUT OF LISTED COMPANIES IN THE NAIROBI SECURITIES EXCHANGE
Author: Hafidha Abdulrahman, Dr. Abdullah Ibrahim Ali
International Journal of Management and Commerce Innovations
ISSN 2348-7585 (Online)
Research Publish Journals
