PENGARUH PROFITABILITAS, KEBIJAKAN DIVIDEN DAN STRUKTUR MODAL TERHADAP HARGA SAHAM

Abstract

This research examines the effect of profitability, dividend policy, and capital structure on stock price. Profitability was measured by Return On Equity. dividend policy was measured by Dividend Payout Ratio, capital structure was measured by Debt to Equity Ratio, and stock price was measured by the closing price. The research applies quantitatively. Furthermore, the population consists of Food and Beverage companies listed on the Indonesia Stock Exchange (IDX). The data collection technique used was purposive sampling. In line with that, 28 Food and Beverage companies were taken as samples. Moreover, the data were gained for 3 years (2021-2023). with 84 data samples in total. The data analysis technique used was multiple linear regression with SPSS 25 versions. The research shows that profitability and capital structure have a positive effect on the stock price of Food and Beverage companies. On the other hand, dividend policy has a negative effect on the stock price of Food and Beverage companies.