pengaruh profitabilitas, leverage, dan free cash flow terhadap dividend payout ratio (studi empiris pada perusahaan yang termasuk dalam indeks kompas 100 dan tergolong sektor manufaktur periode tahun 2008-2010)

The objective of this research is to examine the effect of profitability that measure with return on equity, leverage that measure with debt to equity ratio, and free cash flow towards dividend payout ratio. Dividend payout ratio is important to known by stockholders and corporate because it indicates the situation and performance of corporate. The samples in this study are 33 companies that listed in Indeks Kompas 100 in the year 2008-2010 consecutively, listed as manufacturing sector, to share cash dividend in the year 2008-2010 consecutively, to publish financial statements that was audited by independent auditor in year 2008-2010 consecutively, to obtain income in year 2008-2010 consecutively, to have positive retained earnings in year 2008-2010 consecutively. The sample in this study was determined based on purposive sampling. Data used in this study is a secondary data such as financial statements. The result of this study are (1) profitability which is measure by return on equity had not significant influence to dividend payout ratio (2) leverage which is measure by debt to equity ratio had not significant influence to dividend payout ratio (3) free cash flow had not significant influence to dividend payout ratio (4) profitability which is measure by return on equity, leverage which is measure by debt to equity ratio, and free cash flow had not significant influence dividend payout ratio