Notice: Undefined index: item_type_code in /var/www/html/pustaka/repository/lib/detail.inc.php on line 462
ARTHA SAURINA MANULLANG Pengarang Duma Megaria Elisabeth, SE, M.Si. Dosen Pembimbing 1 Ivo Maelina Silitonga, S.E., M.Si. Dosen Pembimbing 2 Lamria Sagala, S.E,M.Si Penguji 2 Duma Megaria Elisabeth, SE, M.Si. Ketua Penguji Ivo Maelina Silitonga, S.E., M.Si. Penguji 1

ABSTRACT THE EFFECT OF CASH FLOW, PROFITABILITY AND OWNERSHIP STRUCTURE ON DIVIDEND POLICY IN MANUFACTURING COMPANIES LISTED ON THE INDONESIA STOCK EXCHANGE FOR THE PERIOD 2018-2022 Artha Saurina Manullang (220420022) Email: aarta365@gmail.com This study aims to influence free cash flow, profitability and ownership structure on dividend policy. Population 31 manufacturing companies in the food and beverage sector listed on the Indonesia stock exchange, as many as 12 companies were sampled in this study. The sample technique used is purposive sampling method. Research data obtained from the website www.idx.co.id and the company's official website. Then the data obtained is processed using SPSS version 27. The results showed that Free Cash Flow partially had a positive but insignificant effect on Dividend Payout Ratio. Return On Asset partially has a positive but insignificant effect on Dividend Payout Ratio. Institutional Ownership partially has a negative and significant effect on Dividend Payout Ratio. Free Cash Flow, Return On Asset, Institutional Ownership simultaneously have a significant effect on Dividend Payout Ratio. The adjusted R square value is 0.212 or 21.2%, which means that the research variables are able to explain the dividend payout ratio determined by free cash flow, return on assets, institutional ownership by 21.2% while the remaining 78.8% is influenced by other factors outside this study. Keywords: Free Cash Flow, Profitability, Ownership Structure, Dividend Policy.