Papo, Priscilla2016-08-252016-08-252016-08-25http://hdl.handle.net/10539/20937University of the Witwatersrand Wits Business School Master of Finance and Investment (MMFI)Using panel data analysis, this paper empirically examined the relationship between corporate governance and dividend payout for a sample of 109 firms listed on the JSE securities exchange over the period 2009-2013. The results show that board composition is positively related to dividend payout while institutional ownership is negatively related to dividend payout. Our findings also show a positive association between firm growth and dividend payout.enDividends--South AfricaStocks--Prices--South AfricaCorporate governance--South AfricaDividend policy and corporate governance in emerging markets: the South African caseThesis