PENGARUH PROFITABILITAS LEVERAGE DAN LIKUIDITAS TERHADAP KEBIJAKAN DIVIDEN

Wynne Dea Aprillia Tania
FX Kurniawan Tjakrawala

Jurnal Paradigma Akuntansi
Vol. 8 No. 3 (2026): Juli 2026

This study aims to analyze the impact of profitability, leverage, and liquidity on dividend policy in Consumer Non-Cyclical and Industrial sector companies listed on the Indonesia Stock Exchange (IDX) for the 2022–2024 period. Using a purposive sampling method, a sample of 54 companies was selected. Data analysis was performed using multiple linear regression via SPSS version 25 and Microsoft Excel. The empirical results indicate that profitability and leverage exert a significant positive effect on dividend policy, whereas liquidity shows no significant influence. Consequently, companies are expected to prioritize profit margins and optimize debt structures when formulating dividend distributions.