Dividend Payout Determinants: Evidence of Healthcare Companies in Malaysia

Abstract

The study of what influences the dividend payout policy remains highly relevant as it is an important factor that is being considered by both companies and investors. This study attempts to investigate the significant factors that affect the dividend payout of healthcare companies in Malaysia. To meet the objective of this study, 10 years financial data from a sample of healthcare companies listed on the main board of Bursa Malaysia is analysed to investigate the effect of the determinants towards the dividend payout ratio. Correlation analysis and multiple linear regression analysis are applied to determine the relationship between variables and the effect of the independent variables towards the dividend payout. The findings indicate that liquidity, investment opportunity, leverage and company size are significant in determining the dividend payout ratio of Malaysia healthcare companies.

Perbandingan Kebijakan Dividen dengan Profitabilitas Sebagai Variabel Intervening pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia dan Bursa Efek Singapura

“…Hasil penelitian ini sejalan dengan penelitian yang dilakukan oleh (Nainggolan & Wahyudi, 2023;Yulianwar et al, 2023;B. Wulandari et al, 2022;Hidayat et al, 2022;Pratiwi & Purwaningsih, 2022;Kashif et al, 2021;Manaf et al, 2021;Magenzo & Mwaifyusi, 2021;Abdullah, 2021;Latif et al, 2021B. Wulandari et al, 2022Pratiwi & Purwaningsih, 2022;Hidayat et al, 2022;Wiendharta & Andayani, 2019) menyatakan bahwa likuiditas berpengaruh terhadap kebijakan dividen.…”

Interrelationships between Financial Ratios and Dividend Policy: The Evidence of Healthcare Equipment and Service Sector in Malaysia

“…The significant business opportunities that have developed as a result of this pandemic have piqued the interest of investors in this industry. As a result of a study by Latif (2021), it is important to recognize the factors that influence the dividend policy of healthcare equipment and services companies in a developing market, especially in Malaysia. This may need the conduct of research to cover relevant topics.…”

“…The significant business opportunities that have developed due to the pandemic have piqued the interest of investors in this industry. As a result, it is important to recognize the factors that influence healthcare companies' dividend policy in a developing market, especially in Malaysia (Latif et al, 2021). In this research, dividend payout ratio (DPR) is chosen as a dependent variable.…”