PENGARUH PROFITABILITAS, LEVERAGE, LIKUIDITAS DAN UKURAN PERUSAHAAN TERHADAP KEBIJAKAN DIVIDEN

Abstract

Dividend policy is a part of financial management function that had important part in company. This research aimed to examine the effect of profitability, leverage, liquidity and firm size on the dividend policy. The population was seven Food and Beverages companies which were listed on Indonesia Stock Exchange (IDX) 2013-2017. While, the data analysis technique used multiple linear regression with SPSS (Statistical Product and Service Solution). Moreover, the data collection technique used purposive sampling, in which the sample was based on criteria given. In line with, there were 35 samples. In addition, the data secondary in the form of financial statement. Based on the research result, in concluded profitability (ROA) had positive effect on the dividend policy. On the other hand, leverage (DER) had negative effect on the dividend policy. Likewise, liquidity (CR) had negative effect on the dividend policy. Similar to profitability, the firm size had positive effect on the dividend policy.
Keywords: profitability, leverage, liquidity, firm size, dividend policy