PENGARUH FREE CASH FLOW, PROFITABILITAS, ASSET GROWTH, LIKUIDITAS, DAN LEVERAGE TERHADAP KEBIJAKAN DIVIDEN PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BEI TAHUN 2014-2018

Nuraini, 2020; The Effect of Free Cash Flow, Profitability, Asset Growth, Liquidity, and Leverage on Dividend Policy. Thesis, Jakarta: Financial Concentration, S1 Management Study Program, Faculty of Economics, Jakarta State University. This study aims to determine the effect of Free Cash Flow, Profitability, Asset Growth, Liquidity, and Leverage on Dividend Policy. The independent variable used in this study uses Free Cash Flow, Profitability, Asset Growth, Liquidity, and Leverage. Dependent variable used is Dividend Policy with proxy for Payout Dividend. Data used in this study are annual reports of Manufacturing Companies listed on the Indonesia Stock Exchange from 2014 to 2018. Samples used in this study were 56 companies with total observations of 184 companies The sampling method used in this study uses a purposive sampling technique. The model used in this study is panel data with the Common Effect Model approach. The data analysis method used is multiple linear regression analysis. The results of this study indicate that Free cash flow and liquidity have a positive but not significant effect on dividend policy. Profitability have a positive but significant effect on dividend policy. While asset growth and leverage have a negative but not significant effect on dividend policy. Keywords: Free Cash Flow, Return on Assets, Asset Growth, Current Ratio, Debt to Equity Ratio and Dividend Payout Ratio . ii