Effect Of Operating Cash Flow, Collateral Assets, And Company Size On Dividend Policy

Abstract

Dividend policy is the amount of income that will be distributed to investors.The purpose of this study was to determine the factors that influence dividend policyin Property & Real Estate companies listed on the Indonesia Stock Exchange (IDX)with the year 2016-2020 research period. Is therea relationship between OperatingCash Flow, Collateral Assets and Company Size Against Policy. The dependent variable in this study is Dividend Policy. the data used is secondary data. The sample in this study is financial report data for five years in the period 2016 - 2020for Property & Real Estate companies listed on the Indonesia Stock Exchange (IDX). The total population in this study was 60 companies using purposivesampling, 8 companies were obtained. The method used in this research is descriptive quantitative. Tests in this study are descriptive analysis, classicalassumption test, multiple linear regression analysis and hypothesis testing. Based on the results of this study, a significant level of 5% indicates that the variable Operating Cash Flow partially has no effect 0.220 > 0.05 which is greater than a significant 5%, which means it has no effect on Dividend Policy. Collateral Assets0.629 > 0.05 is greater than 5% significant, which means it has no effect on Dividend Policy. Firm size 0.001 <0.05 is less than 5% significant, which means ithas a partial effect on dividend policy. While simultaneously the variable OperatingCash Flow, Collateral Assets, Company Size, 0.04 <0.05 is smaller than the significance of 0.05, meaning that it simultaneously influences Dividend Policy. Overall Dividend Policy has an effect of 12% The remaining 88% is explained by variables that are not examined.