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

Abstract

This research aimed to examine the effect of leverage, liquidity, profitability and firm size on dividend policy. While, leverage was measured by Debt to Equity Ratio, liquidity was measured by Current Ratio, profitability was measured Return On Asset, firm size was measured by firm size and dividend policy was measured by Dividend Payout Ratio. The research was quantitative. Moreover, the population was food and beverages companies which were listed on Indonesia Stock Exchange (IDX) during 2012-2018. Furthermore, the data collection technique used purposive sampling, in which the sample was based on criteria given. In line with, there were 8 companies as sample. Additionally, the data were secondary which in from of annual report or annual financial statement from IDX website or Indonesia Stock Exchange.In addition, the data analysis technique used multiple linear regression with SPSS 21. The research result concluded leverage, liquidity, profitability and firm size had positive effect on dividend policy.
Keywords: leverage, liquidity, profitability, firm size, dividend policy