Abstract
This study examine the impact of dividend policy on the profitability of listed industrial companies in Vietnam during the period 2017–2024. The author employs a quantitative research approach, combining descriptive statistics, multicollinearity tests, and GLS regression analysis to test the proposed model. Dividend policy is proxied by dividend per share (DPS), representing the actual level of dividend payout. The empirical results indicate that DPS has a positive and highly statistically significant effect on profitability, confirming the important role of dividend policy in enhancing firms’ profitability. In addition, financial leverage (LEVERAGE) exerts a positive impact on profitability, while revenue growth (GROWTH) and firm size (SIZE) exhibit relatively weaker effects. By contrast, asset tangibility (TANG) does not show statistical significance. Overall, the findings provide robust empirical evidence in the Vietnamese context and offer practical implications for corporate managers in designing appropriate dividend policies and financial strategies to maximize profitability.
Keywords: dividend policy, profitability, listed industrial companies, Vietnam.
JEL classification: G35, G30, L60.
DOI: 10.63767/TCKT.37.2026.185.191
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Ban biên tập Tạp chí Kinh tế & Quản trị Kinh doanh
Phòng 514, Nhà điều hành, trường Đại học Kinh tế & Quản trị Kinh doanh
Địa chỉ: Phường Tân Thịnh, thành phố Thái Nguyên
Email: tapchikt-qtkd@tueba.edu.vn; Điện thoại: 0208.3903373
