PENGARUH NET PROFIT MARGIN DAN CASH RATIO TERHADAP DIVIDEND PAYOUT RATIO PADA PT TELEKOMUNIKASI INDONESIA TBK TAHUN 2014-2024

Abstract

This research aims to examine the effect of Net Profit Margin and Cash Ratio on Dividend Payout Ratio at PT Telekomunikasi Indonesia Persero Tbk the period from 2014 - 2024. The research method used is the quantitative descriptive method. The data used is secondary data. The population and sample in this study use the Financial Report of PT Telekomunikasi Indonesia Persero Tbk from 2014 to 2024. The analysis method used is Descriptive statistical test, Classical assumption test, Multiple linear regression analysis, Determination coefficient analysis, Correlation coefficient analysis, and hypothesis testing using the t-test and F-test. The determination coefficient value R produces a value of 0.884 or 88.4% which means that the relationship is included in a close relationship. Based on the results of the T-test hypothesis, the results of "t count" > "t table" (-2.754) > 2.360 and the sig value (0.025 <0.05) Net Profit Margin has a negative and significant effect on the Dividend Payout Ratio. T-test results "t count" > "t table " (-2.915) > 2.360 and sig value (0.019 < 0.05) Cash Ratio has a negative and significant effect on Dividend Payout Ratio. Based on the results of the hypothesis test F table is calculated 4.46 at a sig level of 0.05. In this situation, where the sig value. 0.002 < 0.05 and Fcount 14.256 > F table 4.46. The results obtained are, Simultaneously Net Profit Margin and Cash Ratio have a significant effect on Dividend Payout Ratio.