The Effect of Liquidity, Profitability and Asset Growth on the Dividend Payout Ratio in Transportation Sector Companies Listed on The Indonesian Stock Ex-change (Idx) For the Year 2017-2019

Heliani (Nusa Putra University, West Java, Indonesia)
Eneng Rina (Nusa Putra University, West Java, Indonesia)
Mia Safitri Rahayu (Nusa Putra University, West Java, Indonesia)
Muhammad Rizky Ramdaniansyah (Nusa Putra University, West Java, Indonesia)

Nusantara Science and Technology Proceedings
1st ICEMAC 2020: International Conference on Economics, Management, and Accounting

Transportation is an effort to move objects from one area to another. Investment in a company is an important thing to operate its business activities. Investors expect to receive dividends when investing. The dividend policy of transportation companies in the last few years poses a significant risk of problems. This study aims to prove the effect of liquidity (current ratio), profitability, and asset growth against the DPR. This research is of a quantitative type, using a population of 41 transportation sector industries listed on the Indonesia Stock Exchange 2017-2019. Sampling was filtered using the purposive sampling method. 8 industries meet the criteria. Data analysis and hypothesis testing using classical assumption test, multiple linear regression analysis, t-test, and coefficient of determination. This study succeeded in revealing that liquidity and profitability did not affect the dividend payout ratio, while asset growth affected the DPR.