THE IMPACT OF E-DIVIDEND PAYMENT ON BANKING INDUSTRY EQUITY HOLDERS A STUDY OF FIN BANK PLC AND UBA PLC

📄 Project Abstract

The purpose of this study is to determine the effect of e-dividend payment on banking industry equity holders in Enugu state (a study of Fin Bank Plc and UBA Plc). Data were collected from both primary and secondary sources. The major data collection instrument is the questionnaire. The data were presented in tables as frequency distribution. In the analysis, the techniques of percentage and frequency were used. In testing the hypothesis, the Z test was applied. The following are the major finding of the study: (I) that e-dividend payment in the bank has helped in speeding up services to equity holders in the banking industry. From the findings it is clear that computer in Nigeria banks has enhanced prompt calculation and payment of e-dividend to equity holders. (II) That e-dividend payment in Nigeria banks has generally reduced the stress and problems encountered by equity holders in Nigeria banking industry. (III) From the findings it is clear that Government should provide necessary...