The research was conducted in order to see the effect of cash flow from investment, cash flow from operations, cash flow from financing, profitability level, and net income on cash dividends in financial companies, listed on the Indonesian Stock Exchange. The following research applies a quantitative approach, where secondary data is obtained based on the Company's financial statements. Data were processed using SPSS software. Purposive sampling is used in sample selection based on certain criteria, thus over a four-year period, a total of 39 companies with 156 observations were selected as the sample. The results prove that each independent variables-investment cash flow, operating cash flow, financing cash flow, profitability, and net income-partially show an important impact on cash dividends. In addition, these five variables are also proven to have a significant influence on cash dividend policy simultaneously
Sihotang et al. (Mon,) studied this question.