The data that have been collected in this study has been analyzedby using simple regression analysis through the SPSS program. SPSSprogram is used to derive the estimated regression as stated earlier.In this study, the mean of dividend payment which is measured asdividend payout ratio (DPR) of ten companies from consumer, industrialand properties sectors were regressed against independent variables of the study. The independent variables are capital structure (debt to equityratio), liquidity (quick ratio), and net profit of the companies. The value of each independent variable for the companies also computed as a mean.The mean value is used because of the result of the study will representsector for the purpose of comparison.
DETERMINANTS OF DIVIDEND PAYMENTEMPIRICAL FINDING
CONSUMER SECTOR4.2.1ESTIMATED REGRESSION EQUATION
By using the SPSS program, the regression equation and theresult from the data are as follows;
Where;DIV = DIVIDEND PAYMENTCS = CAPITAL STRUCTURENP = NET PROFITLQ = LIQUIDITY
4.2.2 INTERPRETATION OF RESULT126.96.36.199Value of Coefficient
CS(Debt to equityratio)1.243If debt to equity ratio increases by1%, dividend payment will increaseby RM 1.243.LQ(Quick ratio) 1.16If quick ratio increases by 1%,dividend payment will increase byRM 1.16.NP- 1.6340If net profit increases by RM1,dividend payment will decrease byRM 1.634.