PENGARUH PROFITABILITAS, FREE CASH FLOW DAN KEBIJAKAN HUTANG TERHADAP KEBIJAKAN DIVIDEN PADA PERUSAHAAN MANUFAKTUR YANG TERCATAT DI BURSA EFEK INDONESIA PERIODE 2017 – 2019

This study analyses the effect of profitability, free cash flow, and debt policy on dividend policy of manufacturing companies listed on the Indonesia Stock Exchange. The research sample consisted of 125 companies in the period 2017 - 2019. The method of analysis in this study used multiple linear regression. Based on the research, the two independent variables, namely profitability and free cash flow, have a positive influence on dividend policy, while the independent variable, namely debt policy, has no influence on company dividend policy