PENGARUH KINERJA KEUANGAN DAN PERTUMBUHAN POTENSIAL TERHADAP KEBIJAKAN DIVIDEN

Abstract

This research is aimed to examine the influence of liquidity, leverage, profitability, and potential growth to the dividend policy. In this research, liquidity has been measured by using current ratio (CR), leverage has been measured by using debt to equity ratio (DER), profitability has been measured by using return on equity (ROE)), potential growth has been measured by using potential growth formula (PP) and dividend policy has been measured by using dividend payout ratio (DPR). The sample sare LQ 45 companies which are listed in Indonesia Stock Exchange from 2014 to 2016 periods. The analysis method has been conducted by using multiple linear regressions. Based on the result of the analysis, it can be concluded that liquidity does not give any influence to the dividend policy. Leverage does not give any influence to the dividend policy. It indicates that when the ROE value is getting high it will give an impactto the amountof dividend payment to the stockholders. The potential growth gives influence to the dividend policy which means that when the needs of the companyin the future is getting high therefore the company will retain its profit and it will not share its dividend to the investors.
Keywords: Liquidity, leverage, profitability, potential growth, dividend policy.