FACTORS AFFECTING DIVIDEND PAY OUT RATIO ON NONFINANCIAL COMPANIES LISTED IN BEI 2013-2017 PERIOD

Abstract

The purpose of this research is to analyze the influence of Return On Equity (ROE), the Current Ratio (CR), size, Debt to Equity Ratio (DER), growth, and free cash flow against Dividend Payout Ratio (DPR) at non- financial companies listed on the IDX period 2013-2017. The data used are secondary data, taken from the annual report 2013-2017 from non-financial companies listed on the Indonesia Stock Exchange. The sampling technique is used is purposive sampling. The sample consists of 12 companies from 2013 to 2017 and is still listed. Analysis of the tool to test the hypothesis is multiple regression analysis using SPSS 20 a significant level of 0.05. These empirical results show that Return on Equity (ROE) has no significant and positive influence on Dividend Payout Ratio (DPR). Current Ratio (CR), Debt to Equity Ratio (DER), and Free Cash Flow have a significant and positive influence on Dividend Payout Ratio (DPR). Size has a significant and negative influence on Dividend Payout Ratio (DPR). Growth has no significant and negative influence on Dividend Payout Ratio (DPR).