Pengaruh Likuiditas, Leverage, Earning Per Share dan Kepemilikan Manajerial Terhadap Kebijakan Dividen

Abstract

The purpose of this study is to examine and analyze how the effect of liquidity, leverage, earnings per share and managerial ownership on dividend policy. The sampling technique used purposive sampling technique. The data used in this study is secondary data in the form of financial statement information and annual reports. The population in this study are companies that are included in the LQ45 Index on the Indonesia Stock Exchange for the 2015-2019 period which have been selected based on several predetermined criteria. In this study, dividend policy is proxied by the dividend payout ratio. Results Based on the analysis of this study, it shows that liquidity as proxied by the current ratio has a significant and positive effect on Dividend Policy. Leverage as proxied by debt to equity ratio has a significant and negative effect on Dividend Policy. Meanwhile, Earning Per Share and Managerial Ownership have no significant effect on Dividend Policy