PENGARUH DIVIDEND PER SHARE, EARNING PER SHARE,udPROFITABILITAS, RETURN ON ASSET, CASH FLOW, SALES GROWTH,udLIKUIDITAS, SIZE TERHADAP DIVIDEND PAYOUT RATIO PADA udPERUSAHAAN MANUFAKTUR DI BEI PERIODE 2010-2012

摘要

This study aims to empirically examine the effect of variable previous year udDividend Per Share (DPS), Earning Per Share (EPS), Profitability, Return on Assets ud(ROA), Cash Flow, Sales Growth, Liquidity, and the Size of the Dividend Payout udRatio (DPR ) in Manufacturing Companies Listed on the Stock Exchange 2010-2012.udThe data used in this study were obtained from the Indonesian Capital Market udDirectory (ICMD) available at Pojok BEI FE UNS and of the Company's annual udfinancial statements in Indonesian Manufacturing. The sampling technique used was udpurposive sampling method. The samples used were 42 manufacturing companies. udTechniques of data analysis in this study using multiple linear regression analysis udwith the least squares equations and statistical hypothesis testing using the F test for udsimultaneous testing of regression coefficients and t test statistics for testing the udpartial regression coefficients.udResults of this study indicate that there are significant variables udsimultaneously last year’s Dividend Per Share (DPS), Earning Per Share (EPS), udProfitability, Return on Assets, Cash Flow, Sales Growth, Liquidity, and Size of udDividend Payout Ratio (DPR) which mean increase in the previous year Dividend Per udShare (DPSmin1), Earning Per Share (EPS), Profitability, Return on Assets, Cash udFlow, Sales Growth, Liquidity, and Size in manufacturing companies jointly able to udincrease the Dividend Payout Ratio. Partial regression testing results show that udvariable Dividend per Share (DPS), Earning Per Share (EPS), and Profitability udsignificant at alpha 5% of the variable Dividend Payout Ratio (DPR), while the udvariable Return on Assets (ROA), Cash Flow, Sales Growth, Liquidity and Size is not udsignificant at alpha 5% of the variable Dividend Payout Ratio, which means partial udvariable influenced by Dividend Payout Ratio Dividend per Share (DPS), Earning udPer Share (EPS), and Profitability.