PENGARUH ARUS KAS BEBAS, LIKUIDITAS DAN PROFITABILITAS TERHADAP DIVIDEND PAYOUT RATIO PADA PERUSAHAAN BARANG KONSUMSI YANG TERDAFTAR DI BURSA EFEK INDONESIA

Abstract

This study aims to examine empirically that independent variables which consists of free cash flow, liquidity, and profitability of the dependent variable that influence devidend payout ratio at consumer goods companies listed on the Indonesia stock exchange (idx) during the period of 2009 to 2011, either partially (individual) or simultaneously (together). The population in this research are the company's financial reports are consumer goods which are listed in the Indonesia stock exchange period 2009 to 2011 with total of 34 companies. Samples taken in accordance with the criteria of 10 companies. The data used in the quantitative data of the consumer goods company submitted to Indonesia stock exchange. Hypothesis testing research conducted by multiple regression analysis. The results showes that partially only variable profitability has significantly influence to company's dividend payout ratio. While the variables free cash flow and liquidity indicated have no significant influence on the company's dividend payout ratio. Three independent variables are simultaneously that free cash flow, liquidity, and profitability to a positive and significant effect on the dependent variable i.e. the dividend payout ratio of the company.