This research aims to provide empirical evidence that there is an influence of Institutional Ownership, Sales Growth and Profit Growth on Dividend Policy. This research uses a quantitative approach and the data used is secondary data. The population in this research is Consumer Non-Cyclicals companies listed on the Indonesia Stock Exchange for the period 2018 - 2022. The method for determining the sample uses purposive sampling. A sample of 11 companies was obtained over a 5 year period. The data analysis technique used is multiple linear regression analysis with the help of e-views version 12 statistical data processing. The results of the F test show that Institutional Ownership, Sales Growth and Profit Growth have a significant effect on Dividend Policy. The t test results show that Institutional Ownership has an effect on Dividend Policy, Sales Growth has an effect on Dividend Policy and Profit Growth has no effect on Dividend Policy.
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