Antecedents of Dividend Payout Among Listed Non-Financial Companies listed in Nairobi Securities Exchanges, Kenya

: The objective of this study was to establish the antecedents dividend payout among listed non-financial Companies in Nairobi Securities Exchanges, Kenya, with four specific objectives; effect profitability, capital expenditure, leverage and liquidity on pay-out companies NSE. founded Modigliani miller hypothesis, signalling birds hand fallacy, Agency clientele policy. Using correlation research design, examined Kenya for period 2008 2019. result showed a positive significant relationship between ratio leverage. It also shows negative association expenditure. concluded that expenditure significantly influences paid out negatively. Interest payment long term debt takes priority as charge profit made by company. An improvement company's would lead better compensation shareholder inform distributions. Listed therefore are expected pay dividends when performing well because otherwise shareholders may question proceeding announced or results signaling effect. should arrange financing so ensure remains at an advantage enable company recover its cost returns.