Foreign Ownership in Companies and Its Impact on Corporate Dividend Policy in Indonesia.

The purpose of this research is to look at the factors that influence the dividend payout ratio such as foreign ownership, current ratio, debt-to-equity ratio, return on assets, and firm size in non-financial businesses listed on the Indonesia Stock Exchange between 2016 and 2019. This research employs an explanatory strategy and focuses on a quantitative approach using multiple regression similar to earlier studies, by utilizing secondary data from the Indonesia Stock Exchange. Findings, the current ratio and firm size have little bearing on dividend distribution strategy. While the debt-to-equity ratio has a considerable negative impact on the dividend payout ratio, return on assets has a significant positive impact. Furthermore, the impact of foreign ownership on the dividend payment policy can reduce the link between the current ratio and the debt-to-equity ratio. Foreign ownership, on the other hand, is unable to modify the link between return on assets and firm size and dividend policy. The study utilized the SPSS (Statistical Package Pocket Social Sciences) version 22.0 software.