PENGARUH PROFITABILITAS, LEVERAGE, DAN UKURAN PERUSAHAAN TERHADAP KEBIJAKAN DIVIDEN

Abstract

This research examined the effect of profitability, leverage, and firm size on dividend policy. The research was quantitative. Moreover, the data were secondary in the form of companies’ financial statements. The population was Property and Real Estate companies listed on the Indonesia Stock Exchange (IDX). Furthermore, the data collection technique used purposive sampling. In line with that, there were 70 samples with 3 years of observations (2020-2022). Additionally, the data analysis technique used multiple linear regression. The result concluded as follows: (a) profitability had a positive effect on dividend policy. This showed that profitability had an important role in dividend return since the amount of the return depended on companies’ profit earnings; (b) leverage did not affect dividend policy. It meant the amount of leverage was not a factor that could affect dividend shared decision; (c) firm size had a positive effect on dividend policy. The higher the firm size was, the more increased the trust of the principal to the agent would be. Consequently, the dividend payment that was shared with stakeholders would increase also.