Dividend payout ratio dipengaruhi oleh beberapa faktor, diantaranya debt to total asset ratio dan net profit margin. Fenomena yang terjadi pada perusahaan jasa sektor property dan real estate adalah dalam beberapa tahun terjadi penurunan dividend payout ratio padahal perusahaan mempeloreh penurunan debt to total asset ratio dan kenaikan net profit margin. Metode yang digunakan dalam penelitian ini adalah metode deskriptif, verifikatif dengan pendekatan kuantitatif. Metode analisis yang digunakan adalah metode analisis linier berganda. Sebelumnya dilakukan juga uji asumsi klasik, diantaranya uji normalitas, uji multikolineritas, uji heteroskedastisitas, dan uji autokorelasi. analisis korelasi pearson, koefisien determinasi dan uji hipotesis. Hasilnya menunjukkan bahwa tidak ada pelanggaran asumsi yang menunjukkan bahwa data telah dapat menggunakan metode analisis regresi linier berganda. Pengujian statistik menggunakan software SPSS 16.0 for windows. Hasil penelitian ini menunjukan bahwa secara parsial debt to total asset ratio berpengaruh tidak signifikan terhadap dividend payour ratio, serta variable net profit margin berpengaruh signifikan terhadap dividend payout ratio, secara simultan debt to total asset ratio dan net profit margin berpengaruh signifikan terhadap dividend payout ratio.

Dividend payout ratio is influenced by several factors including the debt to total asset ratio and net profit margin. Phenomenon occurring in property and real estate companies is in a period of an decrease in dividend payout ratio when the companies obtained a decrease in debt to total asset ratio and increase in net profit margin. The method is used in this research is descriptive method, verification with quantitative approach. The analytical method used is multiple regression. Besides previously also classical assumption which include normality test, test Multicollinearity, Heteroskidastity test and autocorrelation test. pearson correlation analysis, determination coefficient, and hypotesis test. The results showed that there were no irregularities classical assumptions, it is shown that the available data has been qualified to use multiple linear regression models. The method of analysis used is multiple linear regression analysis with the help of analysis tools SPSS version 16.0 The research shows that partially, debt to total asset ratio is no not significantly influencing dividend payout ratio and net profit margin is significantly influencing dividend payout ratio. Simultaneously, debt to total asset ratio and net profit margin is significantly influencing dividend payout ratio.

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