Dinasti International Journal of Economics, Finance & Accounting (DIJEFA)
Vol. 6 No. 5 (2025): Dinasti International Journal of Economics, Finance & Accounting (November - De

The Effect of Dividend per Share and Earnings per Share on Stock Prices of Consumer Non-Cyclicals Sector Companies

Zerlyanti, Ni Gusti Ayu Marcella (Unknown)
Putra, I Made Pande Dwiana (Unknown)



Article Info

Publish Date
10 Oct 2025

Abstract

Supply, demand, and the decisions made by capital market participants all affect a stock’s price, which is its present worth on the stock exchange. Consistent increases in stock prices reflect the success of management in managing the business and attracting investor interest. This study aims to investigate the relationship between dividends and earnings per share and stock prices. Companies in the non-cyclical consumer sector that were listed on the Indonesia Stock Exchange between 2021 and 2023 make up the study’s population. The sample consists of 155 observations selected using purposive sampling techniques. Through non-participant observation, data were gathered. Multiple linear regression analysis is the method of analysis that is employed. The results of the study indicate that stock values benefit from dividends and earnings per share. Because they show the financial performance of the business and dividend-paying capacity, both earnings and dividends per share are seen by investors as positive signals when making investment decisions. This finding is consistent with the signal theory. Companies are advised to implement a consistent dividend per share distribution policy and increase profitability in order to strengthen investor confidence.

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Journal Info

Abbrev

DIJEFA

Publisher

Subject

Economics, Econometrics & Finance

Description

The author is invited to submit a paper for Dinasti International Journal of Economics, Finance & Accounting (DIJEFA). Topics related to this journal include but are not limited to: Accounting and financial reporting Audit Accounting management Taxation Corporate finance Personal finance Financial ...