Pengaruh Earnings Per Share, Sales Growth, Profitabilitas, Ukuran Perusahaan, dan Kepemilikan Institutional terhadap Dividend Payout Ratio pada Perusahaan Manufaktur Sub Sektor Makanan dan Minuman yang Terdaftar di Bursa Efek Indonesia Tahun 2019-2021

Abstract

This study aims to determine the effect of earnings per share, sales growth, profitability, company size, and institutional ownership on the dividend payout ratio in food and beverage sub-sector manufacturing companies listed on the Indonesia Stock Exchange in 2019-2021. This type of research is associative research and quantitative approach. The type of data used in this study is secondary data in the form of annual reports of food and beverage sub-sector manufacturing companies listed on the Indonesia Stock Exchange for the 2019- 2021 period obtained through the website at www.idx.co.id. The analysis technique used is multiple linear regression analysis. The results of this study indicate that partially earnings per share have a positive and significant effect on the dividend payout ratio in food and beverage sub-sector manufacturing companies listed on the Indonesia Stock Exchange in 2019-2021. Sales growth has a positive and significant effect on the dividend payout ratio in manufacturing companies in the food and beverage sub-sector which are listed on the Indonesia Stock Exchange in 2019-2021. Profitability has a negative and significant effect on the dividend payout ratio in manufacturing companies in the food and beverage sub-sector which are listed on the Indonesia Stock Exchange in 2019- 2021. Company size has a positive and significant effect on the dividend payout ratio in manufacturing companies in the food and beverage sub-sector which are listed on the Indonesia Stock Exchange in 2019-2021. Institutional ownership has a positive and significant effect on the dividend payout ratio in manufacturing companies in the food and beverage sub-sector which are listed on the Indonesia Stock Exchange in 2019-2021. Simultaneously earnings per share, sales growth, profitability, company size, and institutional ownership have a positive and significant effect on the dividend payout ratio in food and beverage sub-sector manufacturing companies listed on the Indonesia Stock Exchange in 2019-2021.