Pengaruh Profitabilitas, Likuiditas, Leverage, Free Cash Flow, dan Kepemilikan Saham Institutional terhadap Kebijakan Dividen (Studi Empiris pada Perusahaan yang Tergabung dalam Indeks JII (Jakarta Islamic Index) Periode 2015-2017)

This study aims to examine the effect of Profitability, Liquidity, Leverage, Free Cash Flow, and Institutional Share Ownership on Dividend Policy. This research is a quantitative research. The population of this study is companies that are incorporated in the JII index (Jakarta Islamic Index). The method of determining samples by purposive sampling is 17 companies. This research data is secondary data obtained from the 2015-2017 Annual Financial Report of the Company which is accessed through the Indonesia Stock Exchange (IDX) website. Analysis of the data used in this study is a descriptive statistical test, a classic assumption test, and a hypothesis test using multiple regression analysis. The results showed that the variable Profitability, Free Cash Flow, Institutional Share Ownership had a significant positive effect on Dividend Policy. Whereas Leverage has a significant negative effect on Dividend Policy and Liquidity has no effect and is not significant on Dividend Policy.