Relationship between Financial Ratios Dividend Payment Policy and Securities Prices of Service Industry Companies Listed on the Stock Exchange of Thailand

Abstract

The objectives of this research were 1) to study the relationship between financial ratios and securities prices of companies in the service industry listed on the Stock Exchange of Thailand and 2) to study the relationship between dividend payment policy and stock prices of industrial companies. Services listed on the Stock Exchange of Thailand. It is quantitative research.
The sample group includes Service industry companies listed on the Stock Exchange of Thailand during the year 2017-2021, totaling five years, totaling 75 companies. The data used in the study consisted of 375 data from specific selections. The financial ratios used in the study consisted of working capital ratios. Return on Assets, Return on Equity, Earning per share ratio, Gross margin, Operating profit margin, net profit margin, and dividend payment policy consisting of dividend yield and dividend payout ratio. Descriptive statistics were used to analyze the data to describe the general nature of the data: correlation coefficient analysis and multiple regression analysis in hypothesis testing. The results showed that 1) the earnings per share ratio was significantly positively correlated with the stock price at 0.01 level and 2) the gross margin was significantly positively correlated with the stock price at 0.05 levels.