Abstract :
This study aims to determine the influences of dividend payout ratio and dividend yield on stock price. Population in this study was all manufacturing companies that listed on the Indonesia Stock Exchange (IDX). Number of samples in this study was 23 companies. Period of this study in 2007 of 2011, using purposive sampling method with simple regression analysis test tools. The result of this study indicates that the dividend payout ratio both increase and decrease do not have a significant effect on stock prices. Likewise with the dividend yield decrease. However, in testing the hypothesis dividend yield increase there is a significant effect on stock prices. That is because no force of dividend signaling theory ini Indonesia, the prevailing theory is theory of rent extraction hypothesis.
Keywords : dividend payout ratio, dividend yield, stock price.