This study investigates the impact of dividend policy on the share prices of industrial goods firms in Nigeria. Panel data were collected from annual reports and financial statements of six listed industrial goods firms on the Nigerian Exchange Group over the period 2018 to 2022. The data were analysed using ordinary least squares regression. Dividend per share and dividend yield served as proxies for dividend policy, while share price was the dependent variable. Findings indicate that dividend per share has a significant positive effect on share price, while dividend yield has an insignificant negative effect.
