PENGARUH PROFITABILITAS, KEBIJAKAN HUTANG, HARGA SAHAM DAN FIRM AGE TERHADAP KEBIJAKAN DIVIDEN

Abstract

This research aimed to examine the effect of profitability, debt policy, stock price, and firm age on dividend policy. The population was Go Public companies that were listed on Indonesia Stock Exchange (IDX). Furthermore, the research population was 78 Property and Real Estate companies that were listed on IDX from 2017-up to 2020. The research was quantitative. Moreover, the data collection technique used purposive sampling with 60 companies’ financial statements as the sample. The data analysis technique used multiple linear regression with SPSS (Statistical Product and Service Solution). The hypothesis test result showed that (a) profitability had a negatif effect on dividend policy, (b) debt policy had a positive effect on dividend policy, (c) stock price had a positive effect on dividend policy, and (d) firm age had a negatif effect on the dividend policy of Property and Real Estate companies that were listed on Indonesia Stock Exchange from 2017-up to 2020.