•   Dahlia Br Pinem

  •   Azzahra Meirizqi Louisa Tindangen

  •   P. Dewi Cahyani


This research belong to determine the factors that influence dividend policy on manufacturing companies listed on the Indonesia Stock Exchange (IDX). This study uses dividend policy as the dependent variable. Meanwhile the independent variables in this study are profitability, and leverage. This is a quantitative study using secondary data types and panel data regression analysis as a method of analysis. The population in this study was 669 companies that were listed on the IDX. Samples were selected by means of purposive sampling methods which included 39 manufacturing companies in the 2016- 2018 period. Panel data regression test results with a significance level of 0.05 had explained that profitability has a significant effect on dividend policy, and leverage has no significant effect effect on dividend policy.

Keywords: Dividend Policy; Profitability; Leverage


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How to Cite
Pinem, D. B., Tindangen, A. M., & Cahyani, P. (2020). THE Determinant of Dividend Policy on Manufacturing Companies Listed on BEI. European Journal of Business and Management Research, 5(4). https://doi.org/10.24018/ejbmr.2020.5.4.342