Pengaruh Kepemilikan Institusional, Kepemilikan Manajerial, Profitabilitas Dan Ukuran Perusahaan Terhadap Kebijakan Dividen Perusahaan Manufaktur Di Bursa Efek Indonesia

This study uses two types of data variables are independent variables consisting of institutional ownership, managerial ownership, profitability, firm size, and the dependent variable is the dividend payout ratio of the 2009-2013 period. Data used in this research is secondary data in the form of annual financial statements of each of the independent and dependent variables. The population in this study are manufacturing companies listed in Indonesia Stock Exchange during the study period 2009-2013. The selection of the sample used purposive sampling technique sampling techniques to fulfill a specific purpose and convince all of the population has a certain character. Based on the results of the data analysis of this study it can be concluded that institutional ownership variables and the size of the company significant positive effect on dividend policy. While variable managerial ownership and profitability are not significant positive effect on dividend policy. Keywords: Institutional Ownership, Managerial Ownership, Profitability, Company Size, Dividend Policy