PENGARUH PROFITABILITAS, LIKUIDITAS, DAN UKURAN PERUSAHAAN TERHADAP KEBIJAKAN DIVIDEN

Abstract

Dividend policy is kind of policy in which used to decide how much net income will bedistributed to shareholders
as dividends and how much the income will be reinvested into company as retained earnings. Dividens shared by
the company reflect the company’s ability to earn profits and ensure good prospects in the future. This research
aimed to examine the effect of profitability, liquidity, and firm size on dividend policy.The type of research used
is quantitative. The population was 14 Property and Real Estate companies which were listed on Indonesia Stock
Exchange during 2015-2018. Moreover, the data collection technique used purposive sampling. In line with,
there were 56 samples. Furthermore, the instrument in data collection technique used documentation.
Additionally, the data were secondary. In addition, the data analysis technique used descriptive statistical,
classical assumption test, multiple linear regression and hypothesis test with IBM SPSS Statistics 20. Based on
the of the analysis shows that: Profitability (ROA) and liquidity (CR) had positive effect on dividend policy,
while the firm size (SIZE) did not affect dividend policy.
Keywords: profitability, liquidity, firm size, dividend policy