Factors Affecting Dividend Policy: Study on Food and Beverage Manufacturing Sector Companies Listed on the Indonesia Stock Exchange
Riri Pradika, Rediyono
ISSN: 2146-4138
International Journal of Economics and Financial I
7
he distribution of dividends to the company to investors is determined through a dividend policy. Factors that can affect dividend policy include\r\nprofitability, liquidity, company growth rate, and company size. This study aims to determine the significance of the company’s growth rate and the size\r\nof the company to the dividend policy of manufacturing companies on the Indonesia Stock Exchange for the period 2016-2020. The population in this\r\nstudy is a manufacturing company in the food and beverage industry sector listed on the Indonesia Stock Exchange for the period 2016-2020. A total\r\nof 17 companies. This study used multiple linear regression methods to test hypotheses with a statistical analysis tool in the form of SPSS Version\r\n21 software. The growth rate, Profitability, Solvency and Size of the Company have a significant effect simultaneously on dividend policy (Study on\r\nFood and Beverage Manufacturing Sector Companies listed on the Indonesia Stock Exchange from 2016 to 2020). The results of the analysis showed\r\nthat profitability, liquidity, company size are positive and significant to dividend policy while the results of the analysis of the company’s growth rate\r\nhave a negative and significant effect on dividend policy in manufacturing companies on the Indonesia Stock Exchange.