DIVIDEND ON SHARE AS A POLICY FOR PORTFOLIO SELECTION OF BANK SHARE [A CASE STUDIES OF ZENITH BANK PLC, GUARANTY TRUST BANK PLC AND FIRST BANK NIGERIA PLC.]

ABSTRACT This research dividend on share as a policy for portfolio selection of bank share was aimed to show how portfolio selection of bank share of the three most viable banks in Nigeria has been done using the past records of each bank dividend declarations for five years. It also shows how allocation of available fund by investors should be allocated to available investment open to investors. Lindo software was use to analyse the data and the analysis revealed that , any interested investor can decide to invest 14.69% of available money on Zenith bank share, 15.91% on GTBANK share and 70% on First bank share. The portfolio will expect 6.5% of dividend payment in the nearest future to minimize risk and maximize return.