Open AccessFACTORS AFFECTING DIVIDEND PAYMENT POLICY
Author(s) -
Seto Sulaksono Adi Wibowo,
Agung Bana
Publication year - 2020
Publication title -
afebi management and business review
Language(s) - English
Resource type - Journals
eISSN - 2548-5318
pISSN - 2548-530X
DOI - 10.47312/ambr.v5i1.296
Subject(s) - dividend , leverage (statistics) , business , dividend policy , dividend payout ratio , profitability index , market liquidity , payment , free cash flow , monetary economics , cash flow , finance , economics , mathematics , statistics
Dividend payments are a routine activity that is usually done by the company once a year. Before dividend payments are made many factors are considered before the company pays the dividends. This study aims to determine what factors affect the payment of dividends. The sample used in this study is all non-financial sector companies that pay dividends for 3 consecutive years 2016 to 2018. This study uses the Eviews test tool and uses multiple regression tests. The results of this study indicate that profitability, life cycle and company size have positive effects while liquidity, cash flow, growth opportunities and leverage have no effect on dividend payout policies.