Determinants of dividend payout on highest paid dividend companies in Malaysia / Mohamad Hifzul Azad Mohd Razak

• Main Author: Mohd Razak, Mohamad Hifzul Azad
• Format: Thesis
• Language: English
• Published: 2022
• Subjects: Liquidity; Cash position. Cash management; Dividends. Stock dividends. Dividend reinvestment
• Online Access: https://ir.uitm.edu.my/id/eprint/98575/1/98575.pdf; https://ir.uitm.edu.my/id/eprint/98575/

The company's dividend payout strategy is one of the most hotly disputed topics in corporate finance, with some scholars calling it an unsolved conundrum. Even though a great deal of study has been done on dividends, there is no consistent answer to the question of what factors influence the dividend payment ratios of firms. As a result, I have decided to conduct research into the factors that influence the dividend payout ratios of large and medium-cap businesses listed on the Stockholm stock exchange. The goal of the research is to see if there is a link between a variety of parameters and the dividend payment ratios of various corporations. A secondary purpose is to see if there are any changes in the influence of company-specific characteristics between large and medium-sized companies. As a result, we looked back at earlier research and dividend theories to see which factors might have an impact on the companies' dividend distribution ratios. I opted to evaluate the association between the dividend payout ratio and five company-specific factors based on the literature: liquidity, profitability, firm size, and cash flow. The data included in the study were secondary data acquired during a ten-year period, from 2012 to 2021.