Dividend Payout Ratio Impacts Stock Returns in Indonesian Consumer Goods Companies
The study looked at how factors like earnings per share, dividend payout ratio, and debt to equity ratio affect stock returns in consumer goods companies on the Indonesia Stock Exchange. They found that earnings per share did not impact stock returns, but both dividend payout ratio and debt to equity ratio did have an impact. The researchers used data from 18 companies over a four-year period and analyzed it using a multiple linear regression model with SPSS software.