PENGARUH PROFITABILITAS, PERTUMBUHAN PERUSAHAAN DAN UKURAN PERUSAHAAN TERHADAP KEBIJAKAN DIVIDEN

Abstract

The research aimed to examine the profitability, company growth and firm size of the dividend policy at chemical and base industry companies listed on The Indonesia Stock Exchange in the 2018-2020 period. Furthermore, the research profitability variable as a proxy for return on asset, company’s growth was proxy for asset growth ratio, firm size was a proxy for size, and dividend policy was a proxy for dividend payout ratio. The research sample used chemical and base industry company listed on The Indonesia Stock Exchange in the 2018-2020 period. Meanwhile, the research sample collection technique used the purposive sampling method, obtained 66 sample companies. Moreover, the research analysis technique used multiple linear regression analysis technique. In conclusion, the research result proved that: (a) Profitability positively affected the dividend policy at chemical and base industry companies listed on The Indonesia Stock Exchange in the 2018-2020 period; (b) The company’s growth did not affect the dividend policy at chemical and base industry companies listed on The Indonesia Stock Exchange in the 2018-2020 period; (c) Firm size had a positive effect on the dividend policy at chemical and base industry companies listed on The Indonesia Stock Exchange in the 2018-2020 period.