“…This shows that high corporate leverage reduces the cost of paying dividends to shareholders (Kurniasih, 2017). According to Putra and Mahfud (2017), an increase in corporate debt affects the amount of net income received by shareholders, including dividend distribution.This is supported by research (Megamawarni & Pratiwi, 2021), (Erwin et al, 2021),(Age, 2018), (Nasution et al, 2019), (Deitiana et al, 2015)which reveals the Debt to equity ratio has an effect on the dividend payout ratio…”