This study aims to determine whether ownership structure is linked to the dividend policy on\r\nindustrial companies are listed in ASE.\r\nThe study sample consisted of sixty two industrial firms listed in ASE from (2000-2006).In\r\norder to achieve the objective of the study, annually dividend and annual report publications\r\nof public shareholding firms held by ASE. The Tobit model or censored regression model\r\nspecification was used to test the study hypotheses for the level of dividends paid. The study\r\nwas found more than half (55%) of the firm observation in our sample have zero dividends.\r\nResults shows that ownership dispersion as measured by the natural log of the number of\r\nstockholders (STOCK) seems to be not related to dividend policy in Jordan since it was\r\ninsignificant in both analyses, Tobit and OLS. The fraction held by insiders (INSD), has\r\nnegative impact on the level of dividends paid. The other ownership, family is negatively but\r\nnot significantly, and institution is positively and significant influence on the dividend policy,\r\nthe multiple ownership is negative and insignificant, the finally variable for ownership is\r\nforeigner positive and insignificant.
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