PENGARUH PROFITABILITAS, LIKUIDITAS, DAN LEVERAGE TERHADAP KEBIJAKAN DIVIDEN PERUSAHAAN SEKTOR UTAMA YANG TERDAFTAR DI BEI PERIODE 2011-2015
Abstract: Dividend policy is a
decision whereby the company will distribute the profit that earned at the end
of year to the shareholders in the form of dividends or will be re-invested in
order to increase the financing in the future . The purpose of this research is
to find out the effect of profitability, liquidity and leverage on dividend
policy. In thisresearch, profitability is measured using return on asset (ROA)
and earnings per share (EPS). As for liquiditymeasured by current ratio and
leverage is measured using debt to total assets (DTA). For dividend policy ismeasured
using dividend payout ratio (DPR). The object in this research using a company
of agriculture and mining sektor which is included in the main sektor of BEI in
the period 2011 - 2015. The data used in this research isobtained from the
company's financial report from IDX and company website.This research used a
quantitativeapproach and was a secondary data. The analytical method used
multiple linear regression analysis. The results of this research indicate that
profitability ratios have a positive effect on dividend policy. While liquidity
ratios have no effect on dividend policy, as well as leverage ratios that have
no effect on dividend policy.
Keywords: dividend policy,
profitability, liquidity, leverage
Penulis: Ribka Anastasha
Novianti Moniaga, Musdholifah
Kode Jurnal: jpmanajemendd171144
