Analisis Determinan Kebijakan Dividen Perusahaan LQ45 di Bursa Efek Indonesia

Abstract

Dividends become the profits of shareholders on investment in the company. The dividend is expected to continue to be distributed and continue to increase. The LQ45 company's dividend policy in 2014-2018 experienced fluctuations due to several factors. Thus, this study aims to examine the effect of partial liquidity, solvency and profitability factors on dividend policy in LQ45 companies during 2014-2018. The type of data uses secondary data in the form of financial statements, while data sources use internal data sources. This research uses multiple linear regression method with a significance level of 5% and previously assumptions that have been tested include normality test, multicollinearity test, heterokedasticity test, and autocorrelation test. While the sampling technique using purposive sampling and obtained a sample of 26 companies. The results obtained are partial solvability is the only variable that influences the research conducted. While the liquidity and profitability variables partially do not affect dividend policy. R square value is 10.3%, which means that the contribution of liquidity, solvency, and profitability to the dividend policy is 10.3%. The remaining 89.7% is influenced by other variables outside the variables examined in this study such as company size, stock prices, market value and others.