PENGARUH STRUKTUR MODAL, PROFITABILITAS DAN LIKUIDITAS TERHADAP KEBIJAKAN DIVIDEN

Abstract

This research aimed to examine the effect of capital structure, profitability, and liquidity on the dividend policy. While, capital structure was measured by Debt to Equity Ratio, profitability was measured by Return On Asset, and liquidity was measured by Current Ratio. Meanwhile, dividend policy was measured by Dividend Payout Ratio. The research was quantitative. Moreover, the population was 8 companies which were listed on LQ-45 index during 2014-2018. Furthermore, the data collection technique used purposive sampling, in which the sample was based on criteria given, in line with, there were 45 samples. In addition, the data analysis technique used multiple linier regression with SPSS 25.The research result concluded all variables were properly used as the research data. Additionally, capital structure ( DER) as well as liquidity (CR) had positive and significant effect on the dividend policy (DPR). On the other hand, profitability had insignificant effect on the dividend policy (DPR).
keywords: capital structure, profitability, liquidity, dividend policy