Pengaruh Profitabilitas, Free Cash Flow, Investment Opportunity Set dan Leverage Terhadap Divident Payout Ratio (Study Empiris pada Perusahaan BUMN yang Terdaftar di Bursa Efek Indonesia Tahun 2011-2015)

Abstract

This study aimed to examine the effect of profitability, free cash flow, investment opportunity set and Leverage to Dividend Payout Ratio (DPR) to the state-owned enterprises listed on the Indonesia Stock Exchange (BEI) 2011-2015. as well as the size of the company as a control variable. The sample used in this study is a state-owned company listed on the Indonesian Stock Exchange based on pre-defined criteria and selected samples are 15 companies from a total of 20 companies. purposive sampling and testing this hypothesis using multiple linear regression analysis. The results show that the independent variable investment opportunity set (IOS) has a significant impact on the dividend payout ratio (DPR). While profitability, free cash flow and leverage do not affect the dividend payout ratio (DPR).