Determinants Of Dividend Cut In Nigeria

ABSTRACTIn this study we investigated the determinants of dividend cut of selected non-financial companies in Nigeria. To carry out this study a more recent data for the period 2012 – 2014 was reviewed and a model with the necessary variables constructed. For seeking out the dividend cut relationship sales growth, earnings per share growth, leverage, capital expenditure and cash flow from operations were chosen. The sample size of 70 was split into 35 dividend cutters and 35 dividend non-cutters using an equal sampling technique. A probit binary regression and a Jarque-bera test was adopted in…