PENGARUH PROFITABILITAS, LIKUIDITAS, DAN LEVERAGE TERHADAP KEBIJAKAN DIVIDEN PADA PERUSAHAAN PERBANKAN YANG TERDAFTAR DI BURSA EFEK INDONESIA

Abstract

This research aimed to examine the effect of profitability, liquidity, and leverage on the dividend policy. While, the independent variable of this research was profitability measured by return on asset, liquidity measured by cash ratio, and laverage measured by debt to equity ratio. Moreover, the dependent variable of this research was the dividend policy measured by dividend payout ratio. The research was quantitative research type. While, the sampling collection technique used purposive sampling method in which the selection is based on the predetermined criteria, in which there 40 samples from 10 banking companies listed on The Inddonesia Stock Exchange 2013-2016. In addition, the data analysis technique used multiple linear regressions analysis with SPSS version 24. The result of this research concluded profitability had significant effect on the dividend policy. On the other hand, liquidity had insignificant effect on the dividend policy. Likewise profitability, leverage had significant effect on the dividend policy.
Keyword: profitability, liquidity, leverage, dividend policy.