Abstract :
Dividend policy is a policy that is concerned to the determination of the
distribution of earning to be distributed to shareholders or reused as retained
earnings. When the company decides to distribute dividends to shareholders, then
the amount of retained earnings will be reduced. Dividend policy in this study was
measured by the Dividend Payout Ratio. The purpose of this study was to
determine the effect of Total Asset Turn Over Ratio, Current Ratio, Debt to Equity
Ratio, Return On Asset to the dividend policy on the state-owned company in the
Indonesia Stock Exchange period 2011-2014. The sampling technique is
purposive sampling. The samples in this study are 14 state-owned companies in
the Indonesia Stock Exchange period 2011-2014. The analysis technique used in
this research is multiple regression analysis. The results showed that Return on
Assets effect to the dividend policy on state-owned company listed in the
Indonesia Stock Exchange. While Total Assets Turn Over, Current Ratio, Debt to
Equity Ratio has no effect to the dividend policy on state-owned company listed in
the Indonesia Stock Exchange.
Keywords : Dividend Policy, Total Asset Turn Over, Current Ratio, Debt to
Equity Ratio, Return On Asset