Dividend Policy and Performance of Listed Microfinance Banks in Nigeria

Abstract

This research focuses on Dividend policy and its impact on performance of listed micro finance banks in Nigeria between2006 and 2021.The ordinary least square estimation technique and multiple regression method of data analysis was utilized..It was discovered that all the explanatory variables ie Return on Assets ,Liquidity ratio, Debt ratio and size of banks did not significantly impact Dividend Policy surrogated by Dividend Payout within the period of the study .It was therefore suggested that micro finance banks should increase dividend payments to its shareholders and also expand their branch network .The Central Bank of Nigeria is also advised to step up its supervisory role by plugging all loop holes through which liquidity is being depleted illegally by some of these micro finance banks.