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The purpose of the research is to predict some factor influencing dividend policy of companies. Factors that are predicted influencing dividend policy in this research are focused on 4 factors: cash position, leverage, growth, current ratio. The research examines financial statement of 254 public companies that are listed on Jakarta Stock Exchange from December 31, 2003 until December 31, 2005. The results of this research are in the year of 2003 independent variable current ratio gives significant in influence on dividend payout ratio , and in the year of 2004 - 2005 independent variable gives significant to dividend payout ratio is cash position. For year 2003 - 2005 only cash position that gives significant influence on dividend payout ratio. |
