<p>Through an extensive review of literature and meta-analysis, this study examines the connection between corporate Environmental, Social, and Governance (ESG) disclosures and dividend policy, an area marked by growing interest yet inconclusive empirical evidence. To the best of our knowledge, this is the first meta-analytic investigation to systematically quantify the ESG–dividend nexus, integrating both aggregated ESG scores and disaggregated dimensions (E, S, and G). Drawing on agency, signaling, and stakeholder theories, the research synthesizes findings from 35 peer-reviewed studies published up to 2024, encompassing 55 effect sizes. The results reveal a positive and statistically significant association between ESG disclosures and dividend payouts across all dimensions. To address inconsistencies in the prior literature, the study further employs subgroup analyses to identify critical moderating factors, such as firm characteristics and national economic development, which help explain substantial heterogeneity across studies. These insights contribute to a more nuanced understanding of the ESG–dividend relationship and highlight the contextual dependencies of sustainability-financial linkages. The findings offer actionable implications for policymakers, investors, and corporate managers seeking to integrate ESG objectives with financial strategies, particularly dividend policy, in a way that balances stakeholder expectations and shareholder value.</p>