DOI: 10.36347/sjebm.2014.v01i10.008

Pages: 493-504

This paper assessed the impact of dividend policy on shareholder‟s wealth. The objectives of the study are; to ascertain the significant relationship between dividend policy and corporate performance whether it will enhance their profitability and attract investors to the firm. Data obtained from 2006 to 2012 annual reports and accounts of the companies in Nigerian Stock Exchange. Regression (ANOVA) was applied with the aid of statistical package for social sciences (SPSS). Findings show that there is a significant relationship between the companies earning Per Share; dividend Per Share and corporate performance. It is therefore recommends that Organizations should ensure that they have a robust dividend policy in place because it will enhance their profitability and attract investments to the organizations.