PENGARUH PROFITABILITAS, GROWTH DAN SOLVABILITAS TERHADAP KEBJAKAN DIVIDEN

Abstract

This research aimed to examine the effect of profotability, growth and solvability on dividend policy. While, profitability was measured by Return On Asset, growth was measured by Asset Growth, and solbality was measured by Debt to Total Asset. Meanwhile, dividend policy was measured by Dividend Payout Ratio. This research was quantitative. Mereover, the data collection technique used purposive sampling, in which the sample based on criteria given. Based on its on Indonesia Stock Exchange during 2016-2019. Furthemore, the were secondary with documentation through annual report as, the instrument. Additionally, the independent variables were profitability , growth, and solvability. For the dependent variables, it was dividend policy. In addition, the data analysis technique use multiple linier and classical assumption test, which includen normality test, multicollinerity test, autocorrelation test and heteroscedacity test with SPSS. This research resutl concluded profitability and growth had negative effect on dividend policy. On the other hand, solvability had positive effect on dividend policy.
Keyword: profitabilty, growth, solvabilty, dividend policy