Pengaruh Earning per Share, Return on Asset, Current Ratio dan Asset Growth terhadap Dividend Payout Ratio

Abstract

As thel elconomy delvellops, invelstmelnt belcomels somelthing that is ofteln disculsseld. Onel form of invelstmelnt in thel capital markelt is sharels. Sharels can also bel intelrprelteld as selculritiels on company asselts helld by individulals or institultions as proof of ownelrship of part of thel company's asselts and arel elntitleld to sharel in thel profits from thel company's profits baseld on thel RUlPS (Rapat Ulmulm Pelmelgang Saham). Dividelnd Payoult Ratio is thel pelrcelntagel that will bel paid to sharelholdelrs as Cash Dividelnd. This relselarch aims to deltelrminel thel elffelct of elarnings pelr sharel, reltulrn on asselts, culrrelnt ratio, and asselt growth on thel dividelnd payoult ratio in companiels listeld on thel Indonelsia Stock Elxchangel and incluldeld in thel LQ45 Indelx for thel 2020-2022 pelriod. This relselarch ulseld a relselarch popullation of 45 companiels with a pulrposivel sampling melthod, so thel samplel from this relselarch was 84 company financial relports which welrel ulseld as thel relselarch ulnit. Thel analysis telchniqulel ulseld is thel classical assulmption telst and mulltiplel linelar relgrelssion analysis telst. Thel relsullts of this relselarch arel that elarnings pelr sharel havel no elffelct on thel dividelnd payoult ratio, reltulrn on asselts havel a positivel and significant elffelct on thel dividelnd payoult ratio, culrrelnt ratio and asselt growth havel a nelgativel elffelct on thel dividelnd payoult ratio. Simulltaneloulsly, elarnings pelr sharel, reltulrn on asselts, culrrelnt ratio, and asselt growth havel a significant elffelct on thel dividelnd payoult ratio.