Analisis Pengaruh Return on Assets, Current Ratio, Total Assets Turnover, Growth, dan Earning per Share terhadap Cash Dividend pada Perusahaan Sektor Pertambangan yang Terdaftar di Bursa Efek Indonesia

Abstract

This research was conducted to examine the effect of variable Retun on Assets (ROA), Current Ratio (CR) , Total Assets Turnover (TATO) , Growth, and Earnings Per Share ( EPS ) of the Cash Dividend on mining companies listed on the Indonesia Stock Exchange period from 2007 to 2011 . The population in this research a number of 31 companies listed in Indonesia Stock Exchange 2007-2011. The sampling technique used was purposive sampling criteria : (1) company which always presents the 2007-2011 financial statements , (2) companies that are continuous distribute dividends every period 2007-2011 , and (3) Mining sector companies listed in Indonesia Stock Exchange during the period 2007-2011 . Data obtained from publications Indonesia Stock Exchange (IDX). Obtained a total sample of 10 companies . Analysis technique used is multiple regression equation least squares and hypothesis testing using t statistics to test the partial regression coefficients and F- statistics to test the effect together with a confidence level of 5 % . The results showed that Retun on Assets (ROA) , Current Ratio (C ), Total Assets Turnover (TATO), Growth, and Earnings Per Share (EPS) simultaneously significant effect on the Cash Dividend . In partial Current Ratio (CR) and Earning Per Share (EPS) positive and significant effect on the Cash Dividend, while the variable Retun on Assets (ROA) , Total Assets Turnover (TATO) and Growth positive and not significant effect on the Cash Dividend . Adjusted R Square value of 0.795 which indicates that the dependent variable is able to explain the influence of the independent variable of 79.5 % and the remaining 10.5 % is explained by other variables not examined in this study . Thus investors and financial managers on mining companies listed on the Indonesia Stock Exchange in order to give more attention to the information released by the company in making their investment decisions .