ANALISIS HUBUNGAN ANTARA FREE CASH FLOW, PROFITABILITAS, DAN UKURAN PERUSAHAAN TERHADAP KEBIJAKAN DIVIDEN

Abstract

This research examines and analyzes: (1) free cash flow (fFCF) on the dividend policy (DPR), (2) profitability (ROA) on the dividend policy (DPR), (3) firm size (SIZE) on the dividend policy (DPR). at Food and Beverages companies listed on the Indonesia Stock Exchange (IDX). The reserch applies quantitatively. The population consist of Food and Beverages companies listed on the Indonesia Stock Exchange (IDX) during 2021-2023. Furthermore, the data collection technique used purposive sampling i.e., a sample selection with specific criteria. In line with that, 18 companies with three years of observation were taken as sample. Therefore, 54 data  were selectedin total. In addition, the data analysis technique used multiple linear regression with SPSS progam 25 version. The result show that: (1) free cash flow has a positive effect on the dividend policy, (2) profitability has a positive effect on the dividend policy, and (3) firm size has an insignificant effect on the dividend policy.