摘要：This study entitled Effect of Financial Ratio Analysis of Dividend Policy. The purpose of this study was to analyze the effect of financial ratios to dividend policy. Research conducted on the real estate and property companies listed in Indonesia Stock Exchange. Sampling was conducted using purposive sampling and determined 47 companies in the sample. The data used was the data of 2009 to 2011. The analytical method used was multiple linear regression analysis. Based on the analysis it can be concluded that the return on investment, debt to total assets, and earnings per share significantly influence the dividend payout ratio in real estate and property companies in Indonesia Stock Exchange. The total asset turnover found no effect on the dividend payout ratio. The implication of this research is to increase the dividend payout ratio, real estate and property companies in Indonesia Stock Exchange should pay more attention to return on investment, debt to total assets and earnings per share. To maximaze corporate profit, Real estate and property companies in Indonesia Stock Exchange should be more efficiency using its asset.
