Effect of Dividend Policies on Firm Value: Evidence from quoted firms in Nigeria

This study examines the possible effects of dividend policy on firm value. The study covers 10 quoted companies studied for the period of 1995-2015. In so doing, the methodology adopted is the ordinary least square regression analysis for primary data analyses and multiple regression analysis for the secondary data analyses with models MPS (Market Price Per Share) as dependent variable, EPS (Earnings Per Share) and DPS (Dividend Per Share) as independent variables. The co-efficient of determination is R2 to evaluate the data collected from the ten studied companies and the Nigerian stock exchange. The study shows the relevance of dividend, dividend as a signaling model and proves that firm value is greatly influenced by dividend policy as far as public limited companies are concerned.