FINANCIAL ATTRIBUTES OF THAI LISTED COMPANIES IN SET HIGH DIVIDEND 30 INDEX

Abstract

The purpose of this research is to study the financial attributes of listed companies in the Stock Exchange of Thailand (SET) in set high dividend 30 index (SET HD) and test the difference in the financial ratios between the group with the highest dividend payments (SET HD) and those not in the group with the highest dividend payments (SET Non-HD).

The financial ratios used in the study are 1) liquidity ratios: the current ratio 2) debt management capability ratio: debt to equity ratio. 3) profitability ratios : gross margin ratio, net profit margin ratio, return on assets, return on equity and 4) market value ratio: dividend yield. The data were collected from the years 2012 to 2016. From the selection, the data used in the analysis included 272 items. Descriptive statistics and T-test were employed to analyse the data.

The study indicated that the financial ratios that differ between the set high dividend 30 index (SET HD) group and the SET Non-HD stocks in the SET Non-HD group, consist of current ratio and the dividend yield.