PENGARUH PROFITABILITAS DAN PERTUMBUHAN PENJUALAN TERHADAP KEBIJAKAN DIVIDEN

Abstract

This research aimed to find out the effect of profitability and sales growth on the dividend policy. Furthermore, it could also assess company performance in making decisions about dividends to be given to stakeholders and also increase knowledge and insight for readers regarding the effect of profitability and sales growth on dividend policy. This research used quantitative with secondary data obtained from the company’s financial statements. Moreover, the population was manufacturing companies listed on the Indonesia Stock Exchange (IDX) during 2019-2021. The data collection technique used purposive sampling. In line with that, there were 25 companies and 75 observations data as the sample. Additionally, the data analysis technique used multiple linear regression. The result showed that profitability got a B value of 0.176, and a sig value of 0,399 > 0,05. It meant that the profitability had an insignificant effect on the dividend policy. In addition, sales growth got a B value of -0.597 and a sig value of 0,000 < 0,005. In other words, sales growth had negative effect on the dividend policy.