PENGARUH PROFITABILITAS DAN FREE CASH FLOW TERHADAP CASH DIVIDEND DENGAN LIKUIDITAS SEBAGAI VARIABEL MODERATIG PADA PERUSAHAAN MANUFAKTUR SEKTOR INDUSTRI BARANG KONSUMSI YAG TERDAFTAR PADA BEI TAHUN 2012-2016

Abstract

This research aims to examine the effect of Profitability and Free cash flow on Cash dividends and to find out Liquidity will strengthen or weaken the influence of Profitability and Free Cash Flow on Cash dividends on manufacturing companies listed on the Indonesia Stock Exchange (IDX).
This research method is quantitative. The population in this study are manufacturing companies listed on the Indonesia Stock Exchange. The sample was determined based on purposive sampling method as many as 12 manufacturing companies in the consumer goods industry sector for the period 2012-2016.
The results of this research indicate that Profitability has no significant positive effect on cash dividends, while free cash flow and liquidity has a significant positive effect on cash dividends, Liquidity Variables weaken the influence of profitability and free cash flow on Cash Dividends on manufacturing companies listed on the Indonesia Stock Exchange (IDX ) For the company, you should pay attention to the company's liquidity position, because liquidity can weaken the company's free cash flow relationship to cash dividend payments.
Keywords: Profitability, Free Cash Flow, CashDividend and Liquidity