PENGARUH LEVERAGE, PROFITABILITAS, UKURAN, DAN PERTUMBUHAN PERUSAHAAN TERHADAP KEBIJAKAN DIVIDEN PADA PERUSAHAAN MANUFAKTUR DI BEI

Abstract

This research aimed to examine the effect of leverage, profitability, size, and companies’ growth on the dividend policy of Manufacturing companies listed on the Indonesia Stock Exchange (IDX). Moreover, the population was 42 Food and Beverage Manufacturing companies listed on IDX. The research was quantitative. The data collection technique used purposive sampling, in which the sample was based on the criteria given. In line with that, there were 10 Manufacturing companies as the sample. Furthermore, the data were taken for 4 years (2019-2022). The data analysis technique used multiple linear regression with SPSS 26. Based on the result of the test; leverage, profitability, size, and companies’ growth simultaneously had a significant effect on the Dividend Payout Ratio. On the other hand, partially, both leverage and profitability had a positive but insignificant effect on the Dividend DPR. In contrast, size as well as companies’ growth had a negative effect on the Dividend Payout Ratio.