PENGARUH PROFITABILITAS, LEVERAGE, DAN UKURAN PERUSAHAAN TERHADAP DIVIDEND PER SHARE

Abstract

This research is meant to examine the influence of profitability which is proxy by return on equity (ROE) and
earnings per share (EPS), leverage which is proxy by debt to equity ratio (DER) and firm size which is proxy by
the natural logarithm of assets to the devidend per share on manufacturing companies which are listed in
Indonesia Stock Exchange. The samples are manufacturing companies which are listed in Indonesia Stock
Exchange in 2010-2012 periods and these companies have been selected by purposive sampling. 23 companies
with three-years period with 69 observations have been selected as samples. The analysis method has been carried
out by using multiple linear regressions, classic assumption test, test the feasibility of model has been done by
using F test and R2 test and the hypothesis test has been done by using t test. The result of this research shows
that return on equity (ROE), earnings per share (EPS), and firm size have positive influence to the devidend per
share (DPS) is suitable with the information content or signaling hypothesis whereas debt to equity ratio (DER)
gives negative influence of the dividend per share (DPS) is suitable with the pecking order theory.
Key words: return on equity, earning per share, debt to equity ratio, firm size, dividend per share.