PENGARUH EARNING PER SHARE TERHADAP DIVIDEND PER SHARE DAN HARGA SAHAM

Abstract

This research is meant to examine the influence of earnings per share to the dividend per share and
stock price of the companies which are listed in LQ45 index in 2011-2015 periods. The sample
collection technique has been done by using purposive sampling, so that 16 companies who have met
the research sample criteria have been selected as samples. The statistic method uses descriptive
statistic and path analysis which is used to examine the direct influence of earnings per Share and
dividend per share to the stock price, and indirect influence of earnings per share to the stock price
through dividend per share. The result of this research shows that earnings per share give significant
and negative influence to the stock price, dividend per share give significant and positive influence to
the stock price. Earnings per share give significant and positive influence to the dividend per share.
The result of the research shows that indirectly the earnings per share give influence to the stock price.
This result shows that indirectly the amount of earning per share give influence to the stock price
through dividend per share is greater than the direct influence of earning per share to the stock price.

Keywords: Earnings per share, dividend per share, stock price.