Kebijakan Dividen Pada Perusahaan LQ45 di Indonesia
DOI:
https://doi.org/10.47313/oikonomia.v20i2.3559Abstract
Purpose This study aims to test and analyze the factors that influence dividend policy involving the variables of liquidity, leverage, profitability, activity ratio, and company size in companies indexed LQ45 on the Indonesia Stock Exchange for the period 2017-2021. Methodology The analytical tool we use is multiple linear regression on SPPS software to test the effect of independent variables on the dependent variable. Findings The results of this study found that the activity ratio proxied by total asset turnover and company size had a positive and significant effect, while leverage with the debt to equity ratio indicator and profitability with the return on assets indicator had a negative and significant effect. Meanwhile, another finding of this study is that liquidity with the current ratio indicator also has a positive although insignificant effect on dividend policy. Suggestion To company managers to optimize operational activities and reduce debt, if the company takes the policy of dividing dividends to shareholders.
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