OWNERSHIP CONCENTRATION AND DIVIDEND PER SHARE OF DEPOSIT MONEY BANKS IN NIGERIA

Abstract: This study ascertained the extent ownership concentration affect dividend per share of deposit money banks in Nigeria. The Ex-Post Facto research design was adopted for the study. The population of the study consists of the eight international banks quoted on the Nigerian Exchange Group. Data were collected from annual reports and accounts of the sampled banks from 2012 to 2020. Multiple regression analysis was used to test the relationship between the independent variables and the dependent variable with aid of e-view version 9.0 at 95% confidence at five degree of freedom (df). The study concludes that ownership concentration has a positive but insignificant effect on dividend per share of deposit money banks in Nigeria. The study recommended that foreign and bank size presence can help ensure that dividend policy decisions are balanced and avoid expropriation, but since foreign ownership is insignificant, the management should concentrate more on other ownership structure other than foreign ownership in their quest to achieve the payment of dividend to every shareholder. Keywords: Ownership concentration, Foreign ownership, Bank size and Dividend per share. Title: OWNERSHIP CONCENTRATION AND DIVIDEND PER SHARE OF DEPOSIT MONEY BANKS IN NIGERIA Author: Ezejiofor, Raymond A., Fatimehin Kolawole International Journal of Recent Research in Commerce Economics and Management (IJRRCEM) ISSN 2349-7807 Vol. 9, Issue 2, April 2022 - June 2022 Page No: 116-125 Paper Publications Website: www.paperpublications.org Published Date: 17-June-2022 DOI: https://doi.org/10.5281/zenodo.6656223 Paper Download Link (Source) https://www.paperpublications.org/upload/book/OWNERSHIP%20CONCENTRATION-17062022-2.pdfInternational Journal of Recent Research in Commerce Economics and Management (IJRRCEM), ISSN 2349-7807, Paper Publications, Website: www.paperpublications.or