DETERMINANT OF FREE CASH FLOW, LIFE CYCLE, FIRM SIZE, LEVERAGE, ASSETS GROWTH AND INVESTMENT OPPORTUNITY SET ON DIVIDEND OF MANUFACTURING COMPANIES THAT LISTED IN INDONESIA STOCK EXCHANGE

Company decision to give profits to their investors is involved by many things including dividend policy of company itself. Therefore, this study discusses the effects of free cash flow, life cycle, firm size, leverage, assets growth and investment opportunity set on dividend of manufacturing companies that listed in indonesia stock exchange. Dependent variable used is dividend payout ratio. Independent variables used are free cash flow, life cycle, firm size, leverage, assets growth, and investment opportunity set.The population in this study is manufacturing company listed on Indonesia Stock Exchange (BEI) in the period of 2015 - 2018. The sample collected using purposive sampling methods. Total of 28 companies were determined as samples. 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