The Influence of Leverage Ratio,ROA,EPS,Insider Ownership,and ROE on Dividend Payout Ratio for Manufacturing Firms Listed In JSX for The Period of 2002-2004

Abstract

Umi Khoirina. The Influence of Leverage Ratio, ROA, EPS, Insider Ownership, and ROE toward the Dividend Payout Ratio for Manufacturing Firms Listed in JSX for the Period of 2002-2004.Accounting Department. International Program. Faculty ofEconomics. Universitas Islam Indonesia. Yogyakarta. 2007. The dividend policy has important role in a company. The dividend decided by the general shareholder's meeting which is consist of directors, managers, and shareholders. There are several factors which are influence the dividend policy and it will meet the decision of the dividend. This study aims to know the influence of Leverage Ratio, ROA, EPS, Insider Ownership, and ROE toward the Dividend Payout Ratio ofgo public manufacturing company listed in Jakarta Stock Exchange. The hypothesis of this study is that Leverage Ratio, ROA, EPS, Insider Ownership, and ROE will significantly affect the company's dividend payout ratio. Analysis tool used in the study to know the effect of Leverage Ratio, ROA, EPS, Insider Ownership, and ROE to the dividend payout ratio is that by using the multiple regression analysis. The result ofthe research shows that simultaneously, the factors significantly influence the dividend payout ratio. And partially, the Leverage Ratio has negative significant influence, ROA and EPS have positive and significant influence, while the Insider Ownership and ROE have negative but not significant influence to the dividend payout ratio.