Efects of Production Costs and Dividend on Profitability of Manufacturing Firms in Nigeria

Student: Christiana Omolade Oyelade (Project, 2025)
Department of Accounting
Ekiti State University, Ado-Ekiti, Ekiti State

Abstract

Thestudy investigated into the effects of production costs and Dividend on profitability of manufacturing firms in Nigeria. Production costs and Dividend were used as proxy for production costs and dividend as independent variables while a return on assets was used as proxy for profitability as dependent variable. Data was sourced from the secondary sources for the period of 2014 and 2023 for the study. Thefindings of thestudy revealed a positive relationship between returns on assets and production costs while there was a positive relationship between dividend and returns on assets. The study recommended that firms should device other means of reducing costs by means of expansion and diversification which will help reduce costs and havepositive impact on profitability

Keywords
efects production costs dividend profitability manufacturing firms nigeria
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