Pengaruh Return on Assets, Return on Equity, Net Profit Margin, Earning per Share dan Debt to Equity Ratio Terhadap Dividend Payout Ratio Pada Perusahaan LQ45 Yang Terdata Di BEI Tahun 2022-2024
DOI:
https://doi.org/10.31851/jmanivestasi.v7i1.19165Abstract
ABSTRACT
This study aims to find out about the effect of Return On Assets (ROA), Return On Equity (ROE), Net Profit Margin (NPM), Earning Per Share (EPS), Debt To Equity Ratio on Dividend Policy in Companies Listed in the LQ 45 Index on the Indonesia Stock Exchange (IDX) Period 2022 - 2024. This type of research is quantitative descriptive research. The population of this study were 45 companies. A sample of 38 companies was determined from the method of multiple regression data analysis techniques through classical assumption testing. The data analysis methods used are descriptive statistical tests, classical assumption tests (normality tests, multicolonierity tests, heteroscedasticity tests and autocorrelation tests), multiple linear regression analysis, determination coefficient tests, hypothesis tests (T tests and F tests) through the help of the IBM SPSS Statistic Version 16 program. The results showed that simultaneously Return on Assets (ROA), Net Profit Margin (NPM), Earning per Share (EPS), Debt to Equity Ratio (DER) had an effect on Dividend Policy. Partially, only Earning per Share has an effect on Dividend Policy. For investors who want to invest, they must see information about financial ratios, because the data is important in estimating the amount of dividends that will be received.
Keywords : ROA, ROE, NPM, EPS, DER, Dividend Payout Ratio
ABSTRAK
Penelitian ini memiliki tujuan guna mengetahui tentang pengaruh Return On Assets (ROA), Return On Equity (ROE), Net Profit Margin (NPM), Earning Per Share (EPS), Debt To Equity Ratio terhadap Kebijakan Deviden Pada Perusahaan Yang Tercatat Dalam Indeks LQ 45 Di Bursa Efek Indonesia (BEI) Periode 2022 – 2024. Jenis penelitian ini ialah penelitian deskriftif kuantitatif. Populasi penelitian ini ialah 45 perusahaan. Sampel sejumlah 38 perusahaan ditetapkan dari metode teknik analisis data regresi berganda melalui pengujian asumsi klasik. Metode analisis data yang dipergunakan yaitu uji statistik deskriptif, uji asumsi klasik (uji normalitas, uji multikolonieritas, uji heteroskedastisitas serta uji autokorelasi), analisis regresi linier berganda, uji koefisien determinasi, uji hipotesis (uji T dan uji F) melalui bantuan program IBM SPSS Statistic Version 16. Hasil penelitian memperlihatkan secara simultan Return on Assets (ROA), Net Profit Margin (NPM), Earning per Share (EPS), Debt to Equity Ratio (DER) berpengaruh terhadap Kebijakan Dividen. Secara parsial hanya Earning per Share yang berpengaruh terhadap Kebijakan Dividen. Untuk investor yang hendak berinvestasi, harus melihat informasi mengenai rasio keuangan, dikarenakan data itu penting dalam memperkirakan jumlah dividen yang nantinya akan diterima.
Kata Kunci: ROA, ROE, NPM, EPS, DER, Dividend Payout Ratio
References
Irnawati, J. (2019). Pengaruh Return On Assets (Roa), Return On Equity (Roe) Dan Current Ratio (Cr) Terhadap Nilai Perusahaan Dan Dampaknya Terhadap Kebijakan Deviden. Jurnal Sekuritas, 2(2), 1-13.
Misrofingah, M., & Ginting, N. (2022). Analisa Pengaruh Return on Equity (ROE) Current Ratio (CR), Debt to Equity Ratio (DER), terhadap Dividend Payout Ratio (DPR). Jesya (Jurnal Ekonomi dan Ekonomi Syariah), 5(1), 310-318.
Nulhakim, I., Hardiansyah, H., & Khatimah, H. (2025). Pengaruh DER, NPM dan Free Cash Flow Terhadap Kebijakan Dividen Bank Syariah di Indonesia. Ekonomi, Keuangan, Investasi Dan Syariah (EKUITAS), 6(3), 193−199.
Nuraeni, A. S. (2022). Analisis Pengaruh Debt To Total Asset Ratio (Dar), Debt To Equity Ratio (Der), Return on Asset (Roa), Dan Net Profit Margin (Npm) Terhadap Devidend Payout Rasio (Dpr) Pada Perusahaan Otomotif Yang Listing Di Bursa Efek Indonesia. Jurnal Ilmiah Satyagraha, 5(2), 74-86.
Parera, D. (2016). Pengaruh Net Profit Margin (Npm), Return on Asset (Roa), Dan Debt To Equity Ratio (Der) Terhadap Dividend Payout Ratio (Dpr) Pada Perusahaan Yang Tercatat Dalam Indeks Lq45 Di Bei Periode 2009-2013. Jurnal EMBA: Jurnal Riset Ekonomi, Manajemen, Bisnis dan Akuntansi, 4(2).
Putri, V. A. A., & Marsono, A. D. (2022). Pengaruh ROA, Growth Opportunity, Life Cycle Terhadap Kebijakan Dividen Pada Perusahaan Yang Terdaftar Di Jakarta Islamic Index Periode 2015–2019. Jurnal Riset Perbankan, Manajemen, dan Akuntansi, 5(1), 29-40.
Sahputra, J. (2021). Pengaruh Return On Investment Dan Arus Kas Operasi Terhadap Kebijakan Dividen Pada PT. Mitra Dunia Baru Perkasa. Jurnal Akuntansi Indonesia, 1(1), 36-48.
Wonggo, F. (2016). Analisis Pengaruh Profitabilitas, Leverage Dan Harga Saham Terhadap Kebijakan Dividen Tunai (Studi Pada Perusahaan Lq-45 Di Bursa Efek Indonesia Periode 2009 - 2013). Jurnal Berkala Ilmiah Efisiensi, 16(1).
Yudhanto, S., & Aisjah, S. (2012). Pengaruh Net Profit Margin, Return On Asset, Return On Equity, Earning Per Share Terhadap Kebijakan Dividen (Studi pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia). Jurnal Ilmiah Mahasiswa FEB, 1(2).
Downloads
Published
Issue
Section
License
Copyright (c) 2025 Jurnal Manajemen dan Investasi (MANIVESTASI)
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
The copyright of the received article shall be assigned to the publisher of the journal licensed under a Creative Commons Attribution-NonCommercial 4.0 International License in line with the license, authors and any users (readers and other researchers) are allowed to share and adapt the material only for non-commercial purposes. In addition, the material must be given appropriate credit, provided with a link to the license, and indicated if changes were made. If authors remix, transform or build upon the material, authors must distribute their contributions under the same license as the original.
