PENGARUH KINERJA KEUANGAN TERHADAP KEBIJAKAN DIVIDEN

Abstract

Dividen policy ia a part of financial management funcion that had important part in company. Dividens shared
by the company reflect the company’s ability to ensure good prospect in the future. This research aimed to examine
and find out the effect of profitability (ROA), liquidity (CR), solvability (DER), and activity (TATO) on the
dividend policy (DPR) at Mining Company in the Coal sub-sector listed on Indonesia Stock Exchange 2017-2020.
This research was quantitative and the data measurement was numerical with the research sample technique used
purposive sampling, sample selection with criteria given. The research sample used 44 companies sample in the
11 mining companies in the coal sub-sector in the 2017-2020 period. Futhermore, the research analysis used
multiple linear regressions analysis. The research result concluded that: 1) Profitability had negative effect on the
dividend policy. 2) Liquidity did not effect dividen policy. 3) Solvability had negative effect on the dividend policy.
4) activity had positive effect on the dividen policy.