PENGARUH LIKUIDITAS, PROFITABILITAS, LEVERAGE TERHADAP KEBIJAKAN DIVIDEN PADA PERUSAHAAN FOOD AND BEVERAGE

Abstract

The dividend policy is a decision to determine how much a percentage of the company's current earnings or earnings will be paid as dividend (dividend payout ratio) and how much profit is retained and reinvested into the company (retained earnings). This research aims to determine the influence of liquidity (CR), profitability (ROA), and leverage (DER) on dividend policy (DPR).The sample in this research is food and beverage sub Sector Company which listed in Indonesia Stock Exchange during period 2012-2016. The sample is taken by using purposive sampling method. Of the 16 populations found, there are 7 companies that fullfill the criteria. The analysis method used is multiple linear regression analysis using SPSS (Statistical Product and Service Solutions) application tool.The results showed that all the variables passed all the tests and deserve to be used as research data. The test results show that profitability (CR) has a significant influence on dividend policy, and liquidity (ROA) and leverage (DER) positions have no significant influence.
Keywords: liquidity, profitability, leverage, and dividend policy.