Académique Documents
Professionnel Documents
Culture Documents
Kata Kunci: Current Ratio, Return on Assets, Debt to Equity Ratio, Dividend
Payout Ratio
i
ABSTRACT
The purpose of this study was to determine the effect of current ratio,
return on assets, and debt to equity ratio on dividend payout ratio in
Manufacturing Companies Listed in Indonesia Stock Exchange 2010-2012. The
analytical method used in this research is to use descriptive method verification .
Liquidity of the company is a major consideration in determining the
dividend policy . Because dividends for the company is cash-out , the greater the
company's cash position and overall liquidity greater the company's ability to pay
dividends . The main attraction for investors in a company is a high level of
profitability . Leverage is the ratio between debt and assets that show some parts
of the assets used to secure the loan .
Based on the statistical F test was concluded that the current ratio(X1),
return on asset ( X2 ) , and debt to equity ratio ( X3 ) simultaneously significant
effect on the Dividend Payout Ratio ( Y ) In Manufacturing Company Registered
In Indonesia Stock Exchange Period 2010-2012. In partial current ratio (X1) does
not significantly affect the variable Dividend Payout Ratio , return on asset
variable (X2) significantly affect the variable Dividend Payout Ratio and debt to
equity ratio variable (X3) does not significantly affect the variable Dividend
Payout Ratio
Suggestions for next researcher in order to do research using the liquidity
variables are not using the current ratio only, but added with the quick ratio and
cash ratio.Variable profitability, using indicators such as return on investment
and net profit margin in order to obtain an overview of other things that can
affect the Dividend Payout Ratio. For companies, liquidity and leverage proven
no significant effect on dividend policy, so the company should not rely too much
on liquidity and leverage in determining dividend policy.
Keywords : current ratio, return on assets, debt to equity ratio, dividend payout
ratio
ii