Effect of Dividend Policy on Share Price Movement: Focusing on Companies Listed on the Nigerian Stock Exchange Market

This study examined the relationship between dividend policy and share price movements with evidence from firms listed on Nigerian Stock Exchange. A systemization literary approach for data analysis was panel regression Generalized Methods of Moments (GMM). Panel covering year 2011-2020 were obtained financial statements twenty stock exchange. It discovered that yield has negative movement. Dividend significant Share price. revealed thatfirms’ size positive volatility. The therefore recommends stakeholders quoted must make sure percentage earnings disbursed as dividends to shareholders have good influence value company’s common at market a continuous base. recommended Stake holders should ensure ratio annual compared its frequent Also, stake map out strategies increasing their sizes in terms asset, branch creation etc., this will increase patronage profit which can market.