Abstract
The study examined determinants of dividend payout (DP) in the context of the Nigeria banking sector between the periods of 2009-2018. A sample of eight (8) banks was drawn out of the 21 deposit money banks (DMBs) for the study. The study made used of secondary which was sourced from the annual reports and accounts of the various banks and analyzed with descriptive statistics, correlation analysis and multiple regression analysis using OLS method by using the pooled model with the aid of E-VIEW computer software. The findings revealed that Profitability (PROF) and Bank Size (BS) have significant relationship with DP Ratio (DPR) while Liquidity (LIQ) and Loan to Deposit Ratio (LDR) does not. The study found a substantial link between DP determinants and DPR in Nigeria DMBs. Since it has the lowest impact on bank DP, the study proposes that banks have optimal loans to deposit to boost LIQ and prevent illiquidity.
 Keywords: Dividend Payout, Profitability, Liquidity, Loans and Deposits.
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