Your introduction should include your interpretation of a research question and a brief overview of the structure of your finance essay. You can mention some points that you will discuss in your financial essay. You can use this generic structure for the introduction to your finance essay: Start with a general point about the main problem 1.1. Hypotheses. corporate dividend policies have no effect on shareholder value of public enterprises in Nigeria. There is an effect of corporate dividend policies on shareholder value of public companies in Nigeria: agency costs between shareholders and management do not affect the dividend payment pattern of companies. The first type is the dividend relevance theory, according to which the decision to distribute dividends actually has an impact on the value of the company. The second type is dividend irrelevance theories which suggest that the decision to pay dividends does not matter in deciding the value of the company's shares and the value of the stock. What is dividend policy? shareholders. If a company is in growth mode, it may decide not to pay dividends, but instead reinvest its retained earnings back into the company. If a company decides to pay dividends, then it must decide how, through the five years, the company has been consistent with the increasing dividend policy from 0. the first quarter of to 0. the second quarter of. During the four quarters of, the dividend per share was 0. by 0.26 and 0. the.