Effect of Dividend and Taxes on Financial Performance of Selected Firms in Nigeria

Student: Oyindamola Titilayo Orebe (Project, 2025)
Department of Accounting
Ekiti State University, Ado-Ekiti, Ekiti State

Abstract

ABSTRACT
The study investigated into the effects of Dividend and taxes on financial performance of selected firms in Nigeria. Dividend, education tax, withholding tax and company income tax were used as proxy for dividend and tax as independent variables while returns on assets was used as proxy for financial performance as dependent variable. Data was sourced from the secondary sources for the period of 2014 and 2023 for the study. The findings of the study revealed negative relationship between returns on assets and withholding tax and education tax while there was a positive relationship between dividend and company income tax. The study recommended that firms should device other means of generating revenue by means of diversification which will help boost the earnings and have positive impact on financial performance.

Keywords
Dividend Financial Nigeria financial performance withholding tax dependent variable data
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