Dividend Payout and Firm Performance: Evidence from a Frontier Market

This study attempts to identify the impact of dividend payout on market and financial performances listed entities in Colombo Stock Exchange (CSE). We selected 25 for this 06 years from year 2014 2019. Dividend used as a key independent variable while Earning volatility, Net working capital, Capital structure firm size considered control variables. return Market Value Added (MVA) are proxies firm’s performance equity, Assets Economic (EVA) performance. In terms analysis, panel regression was applied order whether there is an The findings revealed that significant positive influence stock return, assets EVA. Our become original first employ indicators phenomenon. Henceforth, these valuable policy makers specially corporate managers investors their decision making.