Analysis of Variables Affecting Dividend Policy in Manufacturing Companies Listed on the Indonesia Stock Exchange for the Period 2018-2022

Susi Nofitasari (a:1:{s:5:"en_US"s:22:"UPN Veteran Yogyakarta"})
Sri Dwi Ari Ambarwati (Department of Management, Economics and Business Faculty, Universitas Pembangunan Nasional "Veteran" Yogyakarta, Indonesia)
R. Heru Kristanto HC (Department of Management, Economics and Business Faculty, Universitas Pembangunan Nasional "Veteran" Yogyakarta, Indonesia)

Accounting and Finance Studies
Vol. 4 No. 2 (2024): Issue: April

This study aims to determine the effect of liquidity, profitability, leverage and company size on dividend policy. The population in this study includes all manufacturing companies listed on the Indonesia Stock Exchange (IDX) in the 2018-2022 period. The sample collection method is purposive sampling, with a total sample size of 40 companies. The data analysis used in this study used multiple linear regression analysis. The results of data analysis show that liquidity (CR) and leverage (DER) have no effect on dividend policy. Meanwhile, profitability (ROA) and company size (Firm Size) have a significant positive effect on dividend policy in manufacturing companies listed on the Indonesia Stock Exchange (IDX) for the period 2018-2022.