Determination of Dividend Policy: The Evidence from Saudi Arabia

Journal Article

Al-Khadhiri, Turki SF Alzomaia and Ahmed . 2013

• Publication Work Type: Journal Article

Publication Abstract

The aim of this paper to examine the factors determining dividend represented by Dividends per share for companies in the Saudi Arabia stock exchanges (TASI). In this study we run a regression model and used a panel data covering the period from of 2004 to 2010 for 105 non- financial firms listed in the stock market. The model investigate the impact of Earnings per share (EPS), Previous Dividends represented by dividends per share for last year , Growth, Debt to Equity (D/E) ratio, Beta & Capital Size on Dividends per Share. The results consistently support that Saudi listed non-financial firms rely on current earnings per share and past dividend per share of the company to set their dividend payments.