ANALISIS PENGARUH DIVIDEND YIELD DAN DIVIDEND PAYOUT RATIO TERHADAP VOLATILITAS HARGA SAHAM

Abstract

This research aims to analyze the influence of dividend yield and dividend payout ratio on stock price volatility of retail companies which is listed in BEI 2012-2016. Dividend yield and dividend payout ratio in this research act as independent variable, and stock price volatility as dependent variable. The population used in this research is a retail company which is listed in the BEI 2012-2016. The data used is secondary data, while the technique of determining the sample is done by purposive sampling method, and based on predetermined criteria, then obtained a sample of 9 companies from a total of 26 retail companies which listed in the BEI in 2012 until 2016. Statistical analysis methods conducted in this research is multiple linear regression method. In this research also performed the classical assumption test, namely normality test, multicollinearity test, autocorrelation test and heteroscedasticity test. The results of this research indicates that both dividend yield and dividend payout ratio has a significant influence on stock price volatility of retail companies.
Keywords: dividend yield, dividend payout ratio and stock price volatility