THE EFFECT OF CURRENT RATIO, DEBT TO EQUITY RATIO, AND RETURN ON ASSETS ON DIVIDEND PAYOUT RATIO IN IDX HIGH DIVIDEND INDEX COMPANY 20 PERIOD 2017-2019

  • Serly Maharani STIE Widya Gama Lumajang
  • Ninik Lukiana STIE Widya Gama Lumajang
  • Anisatul Fauziah STIE Widya Gama Lumajang
Keywords: Current Ratio, Debt to Equity Ratio, Return On Asset and Dividend Payout Ratio.

Abstract

A dividend policy is needed by investors as a consideration in making investments because it involves important company decisions regarding profits to be paid in the form of dividends or retained for additional company capital. This study aims to test and analyze the effect of the Current Ratio, Debt to Equity Ratio, and Return On Assets on the Dividend Payout Ratio in the IDX High Dividend 20 Index Company for the 2017-2019 Period. This study uses a quantitative approach manifold associative with the number of research samples according to the criteria as many as 17 companies consisting of 51 financial statements during 2017-2019. This study uses secondary data with the data analysis technique used is multiple linear regression. The results of this study showed that the Current Ratio and Return On Assets have a positive and significant effect on the Dividend Payout Ratio in the IDX High Dividend 20 Index Company for the 2017-2019 period. Meanwhile, the Debt to Equity Ratio has no effect on the Dividend Payout Ratio in the IDX High Dividend 20 Index Company for the 2017-2019 period.

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Published
2021-09-20