Factors affecting dividend payout policy of manufacturing sector in Malaysia / Farah Syahira Awang

The objective of this study is to examine relationship between liquidity, profitability and financial leverage with dividend payout policy and to examine the most influence impact of firm’s dividend policy of manufacturing sector in Malaysia by using panel data. The yearly data have been collected from year 2005 until 2014. The data have been collected from Thomson Reuters DataStream database and Bursa Malaysia. The result for Pooled Least Square (POLS) Regression shows all independent variables are positively significant to the dividend per share. For Random Effect (GLS) Regression shows that liquidity and profitability are positively significant toward dividend per share and financial leverage is not significant to dividend per share.