PENGARUH KEBIJAKAN DIVIDEN, PROFITABILITAS, DAN LIKUIDITAS TERHADAP HARGA SAHAM PADA PERUSAHAAN MAKANAN DAN MINUMAN YANG TERDAFTAR DI BURSA EFEK INDONESIA

Abstract

This research aimed to find out the effect of dividend policy, profitability, and liquidity on the stock price. Besides, it aimed to examine the companies performance in taking some decisions on dividends that were given to stakeholders and to improve knowledge and insight related to the effect of dividends, profitability, and liquidity on stock price. The research was quantitative. Moreover, the data were secondary, in the form of companies financial statements. The data collection technique used purposive sampling. Furthermore, the population was Food and Beverage companies listed on the Indonesia Stock Exchange (IDX) during 2019-2021. In line with that, there were 12 companies as the samples with 36 data observations. Additionally, the data analysis technique used multiple linear regression. The result showed that from dividend policy, B was gained as it had -0.816 and sig about 0.722 > 0.05. This meant the devidend policy had a positive but insignificant effect on the stock price. Likewise, from profitability, B was gained as it had -0.856 and sig about 0.539 > 0.05. It meant thst profitability had an insignificant effect on the stock price. In addition, from liquidity, B was gained as it had 0.757 and sig about 0.821 > 0.05. In other words, liquidity had an insignificant effect on the stock price.