Analisis Pengaruh Debt to Equity Ratio, Firm Size, dan Free Cash Flow Terhadap Dividend Payout Ratio Pada Perusahaan Manufaktur Sub Sektor Semen Yang Terdaftar Di Bursa Efek Indonesia Periode 2014-2016
The objective of this research is to know the effect of Debt to Equity Ratio (DER), Firm Size, and Free Cash Flow to Dividend Payout Ratio to manufacturing companies of cement sub sector listed in Indonesia Stock Exchange period 2014-2016. The population in this study are 6 manufacturing companies of cement sub sector listed in Indonesia Stock Exchange (BEI) period 2014-2016. The sampling technique used is purposive sampling with the following criteria: (1) Manufacturing companies listed on the Indonesia Stock Exchange, (2) Companies that distribute dividends in succession during 2014, 2015 and 2016 periods, (3) Manufacturing companies that have issued annual financial statements during the period 2014-2016. Data obtained from the Indonesia Stock Exchange website. Obtained a sample size of 5 companies. The analysis technique used is multiple regression with dependent variable that is Dividend Payout Ratio (DPR) and independent variable that is Debt to Equity Ratio (DER), Firm Size, and Free Cash Flow. F test shows that Debt to Equity Ratio (DER), Firm Size, and Free Cash Flow have simultaneous effect on Dividend Payout Ratio. While the t test results show that Debt to Equity Ratio significantly influence Dividend Payout Ratio. While other variables in this research is Firm Size and Free Cash Flow have no significant effect on Dividend Payout Ratio.
Keywords: Dividend Payout Ratio (DPR), Debt to Equity Ratio (DER), Firm Size, Free Cash Flo
