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Do Leverage and Dividend Policy Affect the Profitability of Cement Sector in Pakistan
Corresponding Author(s) : Jahanzaib Alvi
WORLDWIDE JOURNAL OF RESEARCH,
Vol. 1 No. 3 (2020): Volume 1 Number 3
The purpose of this research is to find out the impact of dividend payout ratio (Dividend per share and Dividend payout ratio) and the leverage ratio (debt-equity and debt-assets) on profitability of the listed cement companies in Pakistan Stock Exchange. The sample is taken from 10 cement companies which are listed on Pakistan stock exchange, The secondary data is taken from 2011 to 2019 (i.e. 9 years). Autoregressive Distributed Lag (ADL) Model was applied to extract logically findings, further mean and standard deviation of all ratios and Pearson product correlation analysis is performed with the help of Eviews10. This research determines that profitability depends on leverage ratio and dividend payout ratios the results reveals that Earning per share has significant impact on dividend payout ratio and net profit margin has negative significant impact on Leverage ratio (debt-equity only) other than that there is no impact of profitability on the leverage ratio and profitability ratio.
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