ANALISIS FAKTOR-FAKTOR YANG MEMPENGARUHI DIVIDEND PAYOUT RATIO PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2017-2019

  • Made Barry Prasta Wijaya Universitas Mahasaraswati Denpasar
  • Made Barry Prasta Wijaya Universitas Mahasaraswati Denpasar
  • Anik Yuesti Universitas Mahasaraswati Denpasar
  • Desak Ayu Sriary Bhegawati Universitas Mahasaraswati Denpasar
Keywords: cash ratio, return on asset, debt to asset ratio, debt to equity ratio, net profit margin, dividend payout ratio

Abstract

The dividend policy of a company involves two conflicting parties, namely the interests of shareholders who expect dividends and the interests of the company on retained earnings. To keep these two interests in balance, an optimal dividend policy is needed. This study aims to analyze the effect of cash ratio, return on assets, debt to asset ratio, debt to equity ratio, and net profit margin on dividend payout ratio in manufacturing companies listed on the Indonesia Stock Exchange. The population in this study are manufacturing companies listed on the Indonesia Stock Exchange for the 2017-2019 period. The sampling method used was purposive sampling with a sample size of 32 companies. The data collection method used is the documentation method to obtain secondary data in the form of financial reports. Data were analyzed using multiple linear regression, with SPSS software version 22.00. The results of this study indicate that the cash ratio, return on assets and net profit margin variables have a positive effect on the dividend payout ratio. Meanwhile, the variable debt to asset ratio and debt to equity ratio had no effect on the dividend payout ratio.

Published
2021-02-28