Pengaruh Laba Bersih Dan Arus Kas Oprasi terhadap Dividen Kas Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia Periode 2020-2022

Abstrak

This research aims to validate and investigate the impact or influence of net income and operating cash flow on cash dividends of manufacturing companies operating in Indonesia and listed on the Indonesia Stock Exchange during the study period from 2020 to 2022. Out of a total of 239 companies that initially met the criteria, only 45 companies were selected as research samples based on specific criteria. The analytical method applied in this study includes multiple regression analysis techniques, used to evaluate the simultaneous relationship between several independent variables (net income and operating cash flow) and the dependent variable (cash dividends). The results of the analysis indicate that net income does not have a significant influence on cash dividends of the companies. On the other hand, operating cash flow has been shown to significantly affect cash dividends, indicating that companies tend to use operating cash flow as the primary basis for determining dividend payments to shareholders. The implications of this research can assist financial managers and investors in understanding the factors influencing dividend policies of manufacturing companies in Indonesia.