THE EFFECT OF DIVIDEND POLICY ON SHARE PRICE IN BANKING INDUSTRY (A CASE STUDY OF FIRST BANK PLC)
Abstract
ABSTRACT
The payment has long been a matter of debate in corporate finance and has been reffered to as puzzle. Therefore, thus storing investigated the effect of individual policy in share price in banking industry with First Bank Plc. As a case, the study adopted a survey research design approach. Primary data sourced through questionnaire was utilized for the study. Stratified sampling techniques was used in selecting 30 staff for the First Bank Plc, Offa Branch. The data collected was analyzed using Chi-square statistical method and the study conluded though is findings that dividend policy has significant effect on share price in the banking industry. The study therefore recommended that managers should pay more attention to their company’s dividend policy decision.
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