PENGARUH PROFITABILITAS, LIKUIDITAS, LEVERAGE DAN UKURAN PERUSAHAAN TERHADAP DIVIDEN KAS

Abstract

This research aimed to find out the effect of profitability, liquidity, leverage and firm size on the cash dividend of manufacturing companies which were listed on Indonesia Stock Exchange 2014-2016. While, the data collection technique used purposive sampling. In line with, there were 26 samples of manufacturing companies, Moreover, as it affected for 3 years the samples increased into 78. Furthermore, the data were secondary which taken from its annual statement and multiple linear regression as the data analysis technique. In addition, the dependend variable was cash dividend. Meanwhile, the independendt variables were profitability which referred to Return On Equity (ROE), Liquidity which referred to Current Ratio (CR), and Leverage which referred to Debt to Equity Ratio (DER), and firm size (Size). The research result concluded profitability which referred to Return on Equity (ROE) had positive effect on the cash dividend. It meant, the higher the company’s profits, the greater the amount of its dividend. Likewise, liquidity which referred to Current Ratio (CR) had positive effect on the cash dividend. In other words, the company would be able to pay the dividend. On the other hand, leverage which referred to Debt to Equity Ratio (DER) did not affect the amount of cash dividend. It meant, the company did not affect the amount of cash dividend of its stakeholders
Keywords: profitability, liquidity, leverage, firm size, cash dividen.