Clientele effects in dividends distributions for companies Quoted at the NSE
The objective of the study was to investigate the clientele effects in dividend distribution for companies quoted at the NSE. Quantitative methods were used to fulfill the main purpose of the study. A regression model was used to carry out the empirical analysis. The study used secondary data that was collected from the company’s published annual reports, company’s journals and records from NSE. The findings and analysis reveal that capital needs and tax (individual) have an effect on the dividend distribution. The study used a multiple linear regression model to establish the association between capital needs and tax (individual) on dividend distribution. The results obtained from the regression model show that there is an inverse relationship between capital needs and tax (individual) on dividend distribution In view of these findings, the researcher recommends future research in this area.