The determinant dividend payout ratio healthcare sector in Bursa Malaysia / Fakhrun Naim Yazid

The purpose of this study is to evaluate the determinant of dividend pay-out ratio from healthcare sector companies listed in Bursa Malaysia. Healthcare sector have played significant role during this pandemic. The independent variables use to conduct the study is current ratio, return on equity, market to book ratio, debt to equity ratio and size of the company. The panel data is used for the determinant dividend pay-out ratio based on 10 years data selected from 2011-2020 in assessing the relationship between the dependent and independent variables. The financial data is taken from an annual report company, Eikon and Bursa Market Place.The result for dividend pay-out ratio in this study shows that debt to equity ratio (DTER) are the significant variables toward the dividend pay-out ratio as it has a p-value that is lower than 5 percent significant level. However, for the rest of the independent variables like current ratio (CR), market to book ratio (MTBR), return on equity (ROE) and size of the company (SIZE) are insignificant towards dividend pay-out ratio.