PENGARUH GROWTH, LIQUIDITY, DAN PROFITABILITY TERHADAP DIVIDEND PAYOUT RATIO PADA PERUSAHAAN LQ-45 YANG TERDAFTAR DI BEI 2014-2016

Abstract

ABSTRACT
The purpose of this study was to examine the effect of growth, liquidity,
and profitability on dividend payout ratio. The population in this study is LQ45
company listed in Indonesia Stock Exchange period 2014-2015. Techniques in
sampling in this study using purposive sampling and obtained 21 company
samples used as criteria company LQ45 listed on the Indonesia Stock Exchange
period 2014-2016. Sources of data from this study came from Indonesia Stock
Exchange (IDX), www.idx.co.id. The method of analysis used in this study is the
classical assumption test, and hypothesis test and multiple linear regression.
The results of this study indicate that: (1) Based on simultaneous test or F
test known that the variable growth, liquidity, and profitability have a significant
positive effect on the dividend payout ratio. (2) Variable growth, liquidity, and
profitability are 36.1% influenced by dividend payout ratio of LQ45 company
listed on BEI and 63.9% are explained by other variables not included in this
research model. (3) Partially, growth variable has a significant negative effect on
dividend payout ratio; while variable of liquidity and profitability have a
significant positive effect to dividend payout ratio.
Keywords: growth, liquidity, profitability, and dividend payout ratio