Determinants of dividend payout ratio: evidence from Indonesian manufacturing companies

Dessy Widyawati  -  Universitas Diponegoro, Indonesia
*Astiwi Indriani  -  Universitas Diponegoro, Indonesia
Received: 3 Sep 2019; Published: 30 Dec 2019.
Open Access Copyright 2019 Diponegoro International Journal of Business
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Section: Articles
Language: EN
Statistics: 462 335
The purpose of this study is to investigate and analyze the relationship between return on assets, growth sales, debt to equity ratio, lagged dividend to dividend payout ratio and size as control variable. Data collected from manufacturing industries in Indonesian Stock Exchange 2011-2017. The method of this study is ordinary least square regression. The results of this study shows that return on assets and lagged dividend have positive impact to dividend payout ratio. Growth sales has insignificance negative relationship to dividend payout ratio. Debt to equity ratio has positive relationship to dividend payout ratio and has insignificance sign
Keywords: dividend payout ratio; return on assets; growth sales; lagged dividend; size

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