EFFECTS OF PROFITABILITY, LIQUIDITY AND GROWTH OF COMPANIES ON DIVIDENT POLICY (STUDY ON SUB-SECTOR PROPERTY AND REAL ESTATE COMPANIES LISTED IN INDONESIA STOCK EXCHANGE PERIOD, 2017-2019)

Abstract

This study aims to analyze the Effect of Profitability, Liquidity, and Corporate Growth on
Dividend Policy (Study of Property and Real Estate Sub Sector Companies listed on the
Indonesia Stock Exchange for the period 2017-2019). This study uses Dividend Policy as the
dependent variable which is proxied by the Dividend Payout Ratio (DPR). Whereas the
independent variables are Profitability with Return on Assets (ROA), Liquidity with Current
Ratio (CR), and Company Growth with Growth.
This research is a causal research with a quantitative approach. The study population is all
property and real estate sub-sector companies listed on the Indonesia Stock Exchange for the
2017-2019 period. The sample obtained is based on a purposive sampling technique, and
obtained by 5 companies. The data analysis technique used is multiple linear regression, but
before testing the hypothesis first classical assumption tests are performed.
Based on the results of data analysis, shows that the variable Profitability, Liquidity, and
Company Growth simultaneously influence the Dividend Policy. The variable Profitability,
Liquidity, and Company Growth, is able to influence the Dividend Policy variable of 43.6%
and the remaining 56.4% is explained by other factors outside this research model.