The issue of dividend payout in certain companies called the puzzle raises a number research issues that can be studied detail at various levels. However, this study aims to determine factors affecting determinants utilities sector such as debt, cash flows, investment, and growth. A total 12 listed companies’ data over 3 years 2017-2019 is used analysed using fixed-effect model. findings underl...

Out of their after-tax profits, corporations pay dividends and often repurchase shares to generate capital gains for their shareholders. Capital gains typically attract lower effective rates of tax than dividends, which leads to the payout puzzle: Why do corporations continue to pay dividends in spite of their relative tax disadvantage? This paper develops a model of corporate payout policy to ...

Abstract This paper examines the long run and short link between dividend payout policy corporate performance of quoted companies in Nigeria over period 2001–2018. The study employs data 80 listed collected from audited financial statements publication Central Bank Nigeria. Using Pooled Mean Group-Autoregressive Distributed Lag approach, result shows that negatively statistically influence run,...

Abstract This study examines the effect of investor-level income taxes on profit repatriation and dividend payout policies multinational firms. The empirical estimations include two million firm-year observations in 130 countries. By augmenting Lintner model payments, I employ parametric as well semiparametric techniques to provide evidence that dividends neither alter payments investors nor wi...