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

Abstract

This research aimed to examine the effect of liquidity, firm size, leverage, and profitability on dividend policy. While, liquidity was referred to dividend payout ratio, liquidity was referred to current ratio and quick ratio, firm size was referred to Ln total asset and leverage was referred to debt equity ratio, Meanwhile, profitability was referrend to return on equity. The population was consumer goods and property companies which were listed on Indonesia Stock Exchange 2015-2018. Moreover, the data collection technique used purposive sampling. In line with, there were 43 samples. Thus, the total data were 172. Furthermore, the data analysis technique used multiple linier regression. The research result concluded firm size affected dividend. It meant, the higher the profitability, the higher the dividend policy would be, Likewise, leverage affected dividends. This reflected the value of company’s debt which predict the behavior of company’s dividend policy. Additionally, firm size affected dividend policy. This showed its size is used to produce greater earning. On the other hand, liquidity which was referred to current ratio did not affect dividends, In other words, no matter how big or small the change in current ratio, it won’t affect the company’s dividend policy level. Keywords: liquidity, firm size, leverage, profitability, dividend policy.