Journal Of Management Analytical and Solution (JoMAS)
Vol. 5 No. 1 (2025): Journal Of Management Analytical and Solution (JOMAS)

Relationship between profitability and dividend payout from industrial companies listed at Dar es Salaam Stock Exchange, Tanzania

Chindengwike, James (Unknown)



Article Info

Publish Date
31 Jan 2025

Abstract

The creation of profits is necessary in order to distribute dividends to shareholders after investment. Previous studies focused on dividend payments and macroeconomic conditions. The aim of this paper is to investigate the connection between profitability and dividend pay-out in Tanzanian industrial companies that are listed on the Dar es Salaam Stock Exchange (DSE). The study used a panel data research design and a quantitative technique. The research conducted from 2009 to 2023, 105 firm-year data points from seven industry categories were analyzed. The study was to compile significance data through documentary review. Panel data regression was used to evaluate the research data both descriptively and inferentially. The findings of the research showed a strong positive association (P < 0.005) between manufacturing firms' profitability and dividend payout. All things considered; the findings indicate that industrial enterprises listed on the DSE are primarily motivated by profit. The study suggests that manufacturing companies should raise their profitability to attract more capital and raise the dividend payment ratio.

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Journal Info

Abbrev

jomas

Publisher

Subject

Economics, Econometrics & Finance

Description

Journal Of Management Analytical and Solution (JoMAS) is a peer-reviewed journal (January, Mei and September) published by TALENTA Publisher and organized by Department of Management, Faculty Of Economics And Business Universitas Sumatera Utara as an open-access journal. It welcomes full research ...