<![CDATA[This study aims to analyze the effect of credit risk, capital, and profitability on dividend policy in banking companies listed on the Indonesia Stock Exchange (IDX) for the period 2019–2023. Credit risk is proxied by Non-Performing Loan (NPL), capital is proxied by Capital Adequacy Ratio (CAR), profitability is proxied by Return on Assets (ROA), and dividend policy is proxied by Dividend Payout Ratio (DPR). This study uses a quantitative method with a panel data regression approach involving 20 commercial banks as samples over a 5-year observation period, yielding 100 observation units. The results of the panel data regression analysis show that credit risk has a negative and significant effect on dividend policy, capital has a positive and significant effect on dividend policy, and profitability has a positive and significant effect on dividend policy. Simultaneously, all three variables significantly influence the dividend policy of banking companies. The findings of this study are expected to serve as a reference for bank management in profit distribution decision-making and for regulators in formulating prudential banking policies.]]>
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