Pengaruh Return on Equity, Kebijakan Utang, Pertumbuhan Perusahaan, Ukuran Perusahaan, dan Rasio Kas terhadap Kebijakan Dividen pada Perusahaan Sektor Industri Dasar dan Kimia yang Terdaftar di Bursa Efek Indonesia Tahun 2015-2020

Abstract

This study aimed to determine and analyze the effect of return on equity, debt on equity, company growth, company size and cash ratio variables on dividend policy of basic and chemical industry companies that listed in the Indonesian Stock Exchange on 2015-2020. This study has 33 companies use as the populaton. The purposive sampling technique is used in this study and there are 132 data that used to studed further. The type of data used is secondary data and data collection usesing documentatiion method. The data analysis technique that used is multiple linear regression analysis. Based on the results of data processing using SPSS 23 software, it is known that partially return on equity has a negative and significant effect, debt to equity has a positive and significant effect, meanwhile company growth, company size and cash ratio have a negative but insignificant effect. Simultaneously, the return on equity, debt to equity, company growth, company size, and cash ratio variables affect the dividend payout ratio (Y) by 6.5%, the remaining 93.5% is explained by the other other variables or factors.