This study aims to determine investor preferences around cum-dividenddate before and during the Covid-19 pandemic. The population in thisstudy were companies registered in IDX30 before the pandemic with120 companies and 90 companies during the pandemic. The sample ofthis study was determined by purposive sampling and obtained 70companies before the pandemic as well as 61 companies during thepandemic. The data analysis technique used is paired sample t-test andindependent sample t-test. The results of this study showed that therewas no significant difference in trading volume activity and bid-askspread around the cum-dividend date before and during the Covid-19pandemic. However, there was a significant difference in trading volumeactivity before and after cum-dividend date before the pandemic. Theresults of this study also showed that investors preferences for dividendsare more likely to be attracted during the Covid-19 pandemic.
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