ABSTRACT
Every business organization has its own way of building its corporate shareholding structure and it affects the decision of dividend payment. The general objectives of the study were to study the effect of corporate shareholding structure on dividend policy of listed firms in Nairobi securities exchange. The specific objectives of the study were; to examine the effect of foreign shareholding structure on dividend policy of listed firms in NSE; to evaluate the effect of local individual’s shareholding structure on dividend policy of firms listed in NSE, to determine the effect of local institution shareholding structure on dividend policy of firms listed in NSE. The study adopted stratified research design. The target population of the study comprised of all the 67 firms which have been listed in the NSE as at December 2018. The data for the study was obtained from 40 firms that had been consistently listed in the NSE from 2012 to 2016. Data for the study was collected from annual published financial statements. Both descriptive and inferential analysis was conducted. Regression analysis was applied to test the effect of shareholding structure on dividend policy. The data analyzed was presented in form of tables. The results of the study showed that there is statistical significant relationship between foreign shareholding structure and dividend payout ratio P=0.000 (P
KOECH, E (2021). Effect Of Corporate Shareholding Structure On Dividend Policy Of Firms Listed In Nairobi Securities Exchange. Afribary. Retrieved from https://afribary.com/works/effect-of-corporate-shareholding-structure-on-dividend-policy-of-firms-listed-in-nairobi-securities-exchange
KOECH, ENOCK "Effect Of Corporate Shareholding Structure On Dividend Policy Of Firms Listed In Nairobi Securities Exchange" Afribary. Afribary, 14 May. 2021, https://afribary.com/works/effect-of-corporate-shareholding-structure-on-dividend-policy-of-firms-listed-in-nairobi-securities-exchange. Accessed 29 Nov. 2024.
KOECH, ENOCK . "Effect Of Corporate Shareholding Structure On Dividend Policy Of Firms Listed In Nairobi Securities Exchange". Afribary, Afribary, 14 May. 2021. Web. 29 Nov. 2024. < https://afribary.com/works/effect-of-corporate-shareholding-structure-on-dividend-policy-of-firms-listed-in-nairobi-securities-exchange >.
KOECH, ENOCK . "Effect Of Corporate Shareholding Structure On Dividend Policy Of Firms Listed In Nairobi Securities Exchange" Afribary (2021). Accessed November 29, 2024. https://afribary.com/works/effect-of-corporate-shareholding-structure-on-dividend-policy-of-firms-listed-in-nairobi-securities-exchange