This research is meant to examine the influence of profitability which is proxy by return on equity (ROE) andearnings per share (EPS), leverage which is proxy by debt to equity ratio (DER) and firm size which is proxy bythe natural logarithm of assets to the devidend per share on manufacturing companies which are listed inIndonesia Stock Exchange. The samples are manufacturing companies which are listed in Indonesia StockExchange in 2010-2012 periods and these companies have been selected by purposive sampling. 23 companieswith three-years period with 69 observations have been selected as samples. The analysis method has been carriedout by using multiple linear regressions, classic assumption test, test the feasibility of model has been done byusing F test and R2 test and the hypothesis test has been done by using t test. The result of this research showsthat return on equity (ROE), earnings per share (EPS), and firm size have positive influence to the devidend pershare (DPS) is suitable with the information content or signaling hypothesis whereas debt to equity ratio (DER)gives negative influence of the dividend per share (DPS) is suitable with the pecking order theory.Key words: return on equity, earning per share, debt to equity ratio, firm size, dividend per share.
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