Determinants of dividend payout policy : Evidence from the New York Stock Exchange

The dividend payout policy has been studied in this study. This has been done by looking at the determinants of firms listed on the New York Stock Exchange from 2018 to 2022. A contribution has been made to solving the dividend puzzle in doing so. Determinants for the level of dividend payout as well as the likelihood of dividend payout were found and are taken into account. This study shows that firms listed on the NYSE are more likely to pay dividends when they are more profitable, more mature, larger, and have a low free cash flow. The level of dividend payout is also higher for firms listed on the NYSE for the same determinants as mentioned before with the addition of a lower debt ratio.