<![CDATA[This study aims to analyze the effect of asset structure and capital structure on profitability with dividend policy as an intervening variable in banking companies listed on the Indonesia Stock Exchange (IDX) during the 2020–2024 period. This research was motivated by fluctuations in banking profitability and the importance of managing asset structure and capital structure to improve the company's financial performance. In addition, this study examines whether dividend policy is able to mediate the relationship between asset structure, capital structure, and profitability. This study employed a quantitative research method using secondary data obtained from the financial statements of banking companies listed on the Indonesia Stock Exchange. The research sample was selected using a purposive sampling technique, resulting in 20 banking companies with a total of 100 observations during the 2020–2024 period. The data were analyzed using multiple linear regression analysis. The results show that asset structure has a positive and significant effect on dividend policy, capital structure has a positive and significant effect on dividend policy, and asset structure has a positive and significant effect on profitability. Meanwhile, capital structure has no significant effect on profitability, and dividend policy also has no significant effect on profitability. Furthermore, the results indicate that dividend policy is not able to mediate the effect of either asset structure or capital structure on the profitability of banking companies listed on the Indonesia Stock Exchange during the 2020–2024 period.]]>
