PENGARUH NET PROFIT MARGIN, GROWTH, CASH POSITION TERHADAP KEBIJAKAN PEMBAYARAN DIVIDEN

Abstract

This research aimed to find out the effect of net profit margin, growth which was measured by asset growth, cash
position on dividend payout ratio. This was become company base in paying dividend to the investors. The data
were secondary. While, the population was banking company which were listed on Indonesia Stock Exchange
during 2011-2018. Moreover, the data collection technique used purposive sampling, in which the sample was
based on criteria given. In line with, there were 64 samples. Furthermore, the data analysis used multiple linier
regression. The research result concluded net profit margin had significant effect on dividend payout ratio. It
meant, the larger the net profit margin, the higher the dividend payout ratio which was paid by the company
would be. On the other hand, asset growth had insignificant effect on dividend payout ratio. This meant, the
amount of growth asset value did not effect the dividend payment which was paid by the company. In addition,
cash position had insignificant effect on dividend payout ratio. In other words, when the company had bad cash
condition, the company shared their dividend with small amount of number.
Keywords: net profit margin, asset growth, cash position, dividend payout ratio