Determinants of Dividend Payout Policy of Commercial Banks: Evidence from Selected Commercial Banks in Ethiopia

The study is about investigation of determinants dividend payout ratio commercial banks in Ethiopia over the period 2010-2018. Nine years Panel data was obtained from audited financial statements 8 selected Ethiopia. used six independent variables such as leverage, profitability, age firm, corporate tax rate, operating cash and extent shares distributed one dependent variable which ratio. Both descriptive inferential statistics were order to interpret findings study. Random effect regression investigate impact determinant factors on policy Correlation also conduct understand relationship between variables. correlation analysis shows that, Return Equity (ROE), Corporate Tax Rate (CTR), Number Shares Distributed (NSD) have Negative relationships with Dividend Payout Ratio (DPO). While remaining variables; Debt (DR), Age Firm Cash Total Assets (CTA) positive key finding this leverage significant at 1%, while balance are 10% level determining other hand, profitability firm not statistically