PENGARUH ARUS KAS OPERASI, LABA BERSIH DAN LIKUIDITAS TERHADAP DIVIDEN KAS

Abstract

This research aimed to explain and find out empirically the effect of operational cash flow, net profit, and liquidity on cash dividend of LQ45 companies which were listed on Indonesia Stock Exchange (IDX) 2014-2018. While, the population was all LQ45 companies which were listed on Indonesia Stock Exchange 2014-2018. Moreover, the research was quantitative. Furthermore, the data collection technique used purposive sampling, in which the sample was based on criteria given. In line with, there were 20 companies as sample within 5 years, with 89 observations. Additionally, the data were secondary which in the from of data published by Indonesia Stok Exchange (IDX) and could be search through www.idx.co.id. For the data analysis technique, it used descriptive statistics, classical assumption test, and multiple linear regression with SPSS 23. In addition, the research result concluded operational cash flow had positive and significant effect on cash dividend. Likewise, liquidity had positive and significant effect on cash dividend. On the other hand, net profit had insignificant effect on cash dividend.
Keywords: cash dividend, operational cash flow, net profit, liquidity.