Examining the Determinants of Dividend PayoutsFor Egyptian Listed Companies

Abstract

The dividend decision has significant influence on investment and financing decisions Therefore, this research aims at examining the determinants of dividend payouts for Egyptian listed companies. Based on literature four determinants are chosen as independent variables for dividend payouts. Where Methodology was A 51 Egyptian listed companies on the Egyptian stock exchange. companies were the sample size of this research. To examine the determinates namely, profitability, liquidity, financial leverage, and company’s size a multiple regression is used to test the relationship between these four independent variables and the dividend payout. the results reveal that profitability, liquidity and company’s size have a significant relationship with dividend payout. On the other hand, financial leverage has insignificant relationship with dividend payout. Keywords: Dividend, Dividend payout, Determinants, Non-financial company, Egypt