PENGARUH RASIO KEUANGAN TERHADAP KEBIJAKAN DIVIDEN PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BEI

Abstract

This research aimed to examine the effect of financial on dividend policy of manufacturing companies which were listed on Indonesia Stock Exchange (IDX). While the financial was measured by profitability (Return On Equity), liquidity (Current Ratio), activities (Total Asset Turnover), and dividend policy was measured by Dividend Payout Ratio. The research was quantitative. Moreover, the data collection technique used purposive sampling, in which the sample was based on criteria given. In line with that, there were 69 samples from 50 Consumption Industry of manufacturing companies during 2018-2020. Furthermore, the data analysis technique used multiple linear regression with SPSS. The research result concluded that Return On Equity had a positive effect on dividend policy of the Consumption Industry of manufacturing companies. On the other hand, Current Ratio did not affect dividend policy of the Consumption Industry of manufacturing companies. In contrast, Total Asset Turnover had a negative effect on dividend policy of the Consumption Industry of manufacturing companies.
Keywords: profitability, liquidity, activities, dividend policy