Article Per Year (5 Year)
p-Index From 2021 - 2026
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All Journal International Journal of Environmental, Sustainability, and Social Science
Putri, Ni Gusti Ayu Putu Erli Diana
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Economics, Econometrics & Finance Environmental Science Social Sciences

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The Effect of Profitability, Liquidity, and Leverage on Dividend Policy of Manufacturing Companies Listed on the Indonesian Stock Exchange (BEI) LQ45 Putri, Ni Gusti Ayu Putu Erli Diana; Suriani, Ni Nyoman; Dewi, Made Pratiwi
International Journal of Environmental, Sustainability, and Social Science Vol. 7 No. 1 (2026): International Journal of Environmental, Sustainability, and Social Science (Jan
Publisher : PT Keberlanjutan Strategis Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.38142/ijesss.v7i1.1846

Abstract

Dividend policy is a reflection of managerial preferences in allocating profits between the interests of shareholders and long-term internal financing needs. In the context of manufacturing companies listed in the Indonesian LQ45 index, dividend distribution patterns exhibit inconsistent changes across periods, indicating complex policy dynamics. This study explores the role of profit performance, liquidity flexibility, and debt intensity on profit distribution decisions from 2019 to 2024. A quantitative approach was applied using secondary data from the financial statements of five manufacturing issuers consistently listed in the LQ45, analyzed through multiple linear regression. The study results indicate that profit-generating capacity is the dominant factor driving dividends, while liquidity tends to be neutral, and leverage actually limits the scope for profit distribution to shareholders.
Co-Authors Dewi, Made Pratiwi Suriani, Ni Nyoman