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Review Papers | Finance | Nigeria | Volume 12 Issue 3, March 2023

E-Dividend and Investment Performance in Stock Market among the Nigeria Deposit Money Banks

Emmanuel Abiodun Adeoye

Abstract: The Nigerian stock market places a high priority on dividends. Investors anticipate receiving a dividend on their capital. Dividends are earnings that can be distributed by companies; dividends that are not distributed could be viewed as retained earnings. This study investigated the moderating effect of firm size and age on the effect of electronic dividend and investment performance in the Nigerian stock market among deposit money banks. The study used secondary data from ten (10) deposit money banks collected from the Nigeria Group Exchange. The dataset was divided into two sections, pre and post - electronic dividend, employing multiple regression analysis to analyse the objective. The paper found that the result concluded that firm size and firm age significantly affected the effect of e - dividend and investment performance of the Nigeria deposit money. The study, thereby, suggested that investors should take investment information into account in order to allocate their crucial capital resources wisely, especially when analysing and assessing a bank's prospects.

Keywords: Deposit Money Banks, Dividend Policy, Earnings, Investment Performance, Stock Market

Edition: Volume 12 Issue 3, March 2023,

Pages: 1484 - 1488