 General Information of The Article

Article title The effects of dividend policy on the share price in Nigeria
Capital Market.

Authors 1. JOSIAH, MARY (M.Sc., Ph.D.)

Lecturer: Department of Accounting, Igbinedion University,
Okada.
Correspondence: 07053390236.
2. OZELE, EDOJOR CLEMENT (B.Sc., M.Sc.)
Lecturer: Department of Accounting, Igbinedion University,
Okada.
Correspondence: 08145721570.
3. AGBO, SUNNY (B.Sc., M.Sc.) INNOCENT
Lecturer: Department of Accounting, Igbinedion University,
Okada.
Correspondence: 08033415861.
Year of publication February, 2016

Publisher Igbinedion University Journal of Accounting

Journal Web Link: Https://www.iuokada.edu.ng/journal

Article citation JOSIAH, Mary, OZELE, Edojor Clement and AGBO,

Innocent Sunny (2016). The effects of dividend policy on the
share price in Nigeria Capital Market. Igbinedion University
Journal of Accounting, 14-26.
 2. Reasons to review this article
 To get an understanding of the effect of dividend policy on share price in Nigerian
capital market.
 To find out a research gap, methodological gap and literature gap for the beyond
researches.
 To assess the major strength and weakness of the above article and to give general
comment.
3. Statement of the problem
Under the study JOSIAH, Mary et al., (2016) attempted to investigate the effect of dividend
policy on the share prices in ten of the quoted companies in the Nigerian capital market. They
state that there is a mix of controversy, most firms still attach importance to dividend policy
but other does not. The question then is, if dividend has impact on the value of a firm, which
divided policy can best describe the relationship between dividend payout and share price?
4. Specific objectives
According to the researchers the broad objective of the study was to investigate the effects of
dividend policy on the share price in ten quoted firms in Nigeria Capital Market.
The three specific objectives also developed by researchers based on the above research
question:
(i) Investigate the extent to which dividend affects market price of shares
(ii) Determine the extent of dividend payout ratio affects market price of share
(iii) Determine the extent of earnings per share affects market price of share