EFFECTS OF ASSET TANGIBILITY AND CASH FLOW VOLATILITY ON DIVIDEND POLICY OF LISTED MANUFACTURING FIRMS IN NIGERIA

Authors

  • MAIMAKO N. WODUNG Department of Accounting. Plateau State Polytecnic, Barkin Ladi Author
  • ANIETIE C. DIKKI Department of Accounting, Ahmadu Bello University, Zaria Author
  • ABDULLAHI A. AHMED Department of Accounting. Ahmadu Bello University, Zaria Author
  • ISMA'IL T. IDRIS Department of Finance, Ahmadu Bello University, Zaria Author

Keywords:

Cash flow, Cash flow, Volatility, Dividend, Dividend policy, Asset tangibility.

Abstract

This research examined the effects of asset tangibility and cash flow volatility on dividend policy. Data were collected from the websites of the individual companies. The study used SPSS to run the regression of dividend policy on asset tangibility and cash flow volatility. The regression results suggest that asset tangibility does not have effect on dividend policy. However, cash flow volatility has significant positive effect on dividend policy. Diagnostic tests do not suggest problems with the regression results. Company managements should leverage on the relationship between cash flow volatility and dividend policy.

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Published

2025-04-30

Issue

Vol. 2 No. 1 (2025): ANUK College of Private Sector Accounting Journal

Section

Articles

License

Copyright (c) 2025 ANUK College of Private Sector Accounting Journal

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.

How to Cite

MAIMAKO N. WODUNG, ANIETIE C. DIKKI, ABDULLAHI A. AHMED, & ISMA'IL T. IDRIS. (2025). EFFECTS OF ASSET TANGIBILITY AND CASH FLOW VOLATILITY ON DIVIDEND POLICY OF LISTED MANUFACTURING FIRMS IN NIGERIA. ANUK College of Private Sector Accounting Journal, 2(1), 157-163. https://www.anukpsaj.com/psaj/article/view/94