Pengaruh Rasio Profitabilitas, Leverage, Likuiditas, Aktivitas, dan Free Cash Flow terhadap Dividend Payout Ratio Perusahaan Sektor Kesehatan yang Terdaftar di Bursa Efek Indonesia Periode 2019 – 2023
Year: 2025
Type: article
Abstract: Dividend Payout Ratio measures the percentage of dividends distributed to shareholders. This paper aims to analyze the factors that determine the Dividend Payout Ratio using five independent variables, which are Net Profit Margin, Debt to Equity Ratio, Current Ratio, Total Assets Turnover, and Free Cash Flow in healthcare sector firms that registered in Indonesia Stock Exchange in the time range of 2019 - 2023. The total population consists of 34 companies. The sample in this study was selected by applying a non-probability sampling technique based on the purposive sampling method, so that nine companies were obtained that met the research criteria. Secondary data in this study were accessed through the official IDX or company website. Partial test results state that Debt to Equity Ratio and Current Ratio have a positive and significant effect, Net Profit Margin and Total Assets Turnover have no significant effect, and Free Cash Flow has a negative and significant effect. Simultaneously, the five variables positively and significantly affect the Dividend Payout Ratio with an R Square value of 82.8%.
Authors: Fitria Anggun Tri Aulia, Prasetyo Nugroho
Language: English
Subfield: Accounting
Domain: Social Sciences
Open Access status: hybrid
OpenAlex ID: W4409676652