PENGARUH FREE CASH FLOW, PROFITABILITAS, DAN UKURAN PERUSAHAAN TERHADAP KEBIJAKAN DIVIDEN

Abstract

This research aimed to examine the effect of free cash flow, profitability, and firm size on dividend policy. The free cash flow was measured by dividing free cash flow by Total Asset. While profitability was measured by Return On Asset (ROA), firm size was measured by Ln Total Asset (SIZE). The research was quantitative. Moreover, the population was Food and Beverage companies listed on the Indonesia Stock Exchange (IDX) during 20192021. The data collection technique used purposive sampling, in which the sample was based on the criteria given. In line with that, there were 21 companies width 3 years of observation as the sample. In total, there were 63 data samples. Furthermore, the data analysis technique used multiple linear regression with SPSS 26. The result concluded that free cash flow positively and significantly affected dividend policy. Likewise, profitability had a positive and significant effect on dividend policy. Similarly, firm size had a significantly positive effect on dividend policy.