Tonye OGIRIKI PhD, Karinate ALEX
., .
Abstract
Every investor hopes to maximize his profit at the lowest cost in a risk-free market. To achieve this, they strategically source for investment that meets their preferred standard. This study examined quoted ICT firms in the NGX using earnings and dividend per share as a measure of the firm’s viability through its increase in market share price. The Ex-po facto research was used to determine the casual link between variables. The data were engaged from the Nigerian Exchange Group publications and annual report of the ICT quoted firms. Descriptive statistics and panel regression (OLS) were utilized. 6 ICT quoted firms are analyzed for this survey. Courteville Business Solutions Plc, OmateK Ventures Plc, NCR Nigeria Plc, Triple Gee Company Plc and E-Tranzact International Plc. Data were obtained for 12 years from 2008-2019 from the available annual financial statement of the firms. It is concluded that there is a positive relationship between these variables as an increase in the EPS and DPS indicates an increase in financial status and rating of the firms. The study recommends among others that: there should be large-scale study of these accounting ratios in the ICT sector of the Nigeria Exchange Group as it will serve as a guide for students, investors and potential investors in the ICT sector. Management should analyze their strategic position, make quality choices and put the choosing choices into action so as to increase its earnings per share and dividend per share which will in turn give it a high rating in the business world.
Keywords: Firm Performance, Information, Communication and Technology
Journal Name :
EPRA International Journal of Economic Growth and Environmental Issues (EGEI)

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Published on : 2023-06-06

Vol : 11
Issue : 6
Month : June
Year : 2023
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