PENGARUH KINERJA KEUANGAN DAN KEBIJAKAN DIVIDEN TERHADAP HARGA SAHAM PADA INDEKS LQ-45

Abstract

Stock means as from of personal ownership or corporate. While, there were some factors which could affect stock
price namely profitability, leverage, and dividend policy. Therefore, this research aimedto examine the effect of
financial performance and dividend policy on stock price of LQ-45 index companies. The research was
quantitative. Moreover, the data collection technique used purposive sampling. In line with, there were 16 LQ-
45 index comapnies which were listed on Indonesia Stock Exchange. Furthermore, the data were secondary
which in from of financial statement during 2014-2018. Additionally, the data analysis technique used multiple
linear regression with SPSS 23. The research result concluded profitability had positive and significant effect on
stock price. It happended as the higher the profitability, the higher the stock price was. Likewise, leverage had
positive and significant effect on stock price. This meant, the higher the stock price, the higher company’s ability
in fulfilling its financial liabilities. Similary, dividend policy affected stock price. This showed the dividend
which were shared would give positive signal and good information.
Keywords: profitability, leverage, dividend policy, stock price