Analysis of the Influence of Financial Ratios on the Dividend Payout Ratio Calculation
Keywords:
dividend payout ratio, free cash flow, profitabilitas, leverage, sales growthAbstract
In 2020, Indonesia is in a state of emergency for Covid-19. This causes a negative impact, especially for the company. The profit earned is getting smaller so that it affects the rate of return from the company, one of which is dividends. In carrying out its investment activities, shareholders hope to get returns in the form of cash dividends that can be paid annually. The purpose of this study was to determine the relationship between the effect of free cash flow, profitability, leverage, and sales growth on the dividend payout ratio amid Covid-19. This study used a quantitative method with a purposive sampling technique for sample selection. The sample in this study is an LQ45 company based on certain criteria. Test the hypothesis using multiple linear analysis test. The results of the study show that the independent variables simultaneously have a significant effect on the dividend payout ratio. Meanwhile, partially, the results show that free cash flow and leverage have no effect on the dividend payout ratio. profitability and sales growth have a significant effect on the dividend payout ratio.
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