Bank Specific Factors and Dividend Policy on BUMN Bank in Indonesia

The purpose of this study is to determine whether factors such as Return on Assets (ROA), Loan to Deposit Ratio (LDR), Capital Adequacy Ratio (CAR), Non-Performing Loans (NPL), Debt Equity Ratio (DER), Growth of Third-Party Funds (PDPK), and Market to Book Value have a significant effect on dividend policy in state-owned or state-owned banks. This research is development research from previous research that examined 14 banks in Indonesia (Silalahi et al, 2021). The data analysis tool used is panel data regression. The results of this study indicate that the seven x variables affect dividend policy by 20.78%. Variables that have a significant effect on dividend policy are LDR/RR, CAR and MBV. The findings in this study are that banking, especially BUMN banking, has unique characteristics compared to other industries. Apart from the fact that banks have different cash flows from other industries, state-owned companies also have different dividend policies from non-government industries. Therefore, these factors do not have a significant influence on dividend policy in banking companies in BUMN.Keywords: Dividend Policy, Bank BUMN, Specific Ban