HARGA SAHAM SEBELUM DAN SESUDAH KEBIJAKAN DIVIDEN

Abstract

The research aimed to examine the effect of information before and after the dividend policy on companies’ stock price during 2018-2020. Moreover, the data were secondary with data collection techniques in research using document or archive data and using quantitative data type. Furthermore, the data collection technique used purposive sampling technique, in which the sample was based on criteria given. In line with that, there was 20 companies as samples. The samples were the companies which were listed on Indonesia Stok Exchange (IDX) during 2018-2020 and have complete data or in accordance with the variabeles and research needs. Additionally, the data analysis technique used Friedman in order to find out the effect of independent variables on dependent variable. In addition, according to the research result, it concluded thah there are differences regarding information before and after the dividend policy of the sample companies during 2018-2020 and the magnitude of the value of changes in share prices with the value of dividend per share distributed by the company to shareholders.