The Effect of Leverage and Liquidity on Policy Dividends in Manufacturing Companies

Abstrak

This study aims to determine how much influence the Leverage and Liquidity variables, partially and jointly, have on Dividend Policy. This study uses quantitative methods and analyzes the relationship between the independent variables and the dependent variable. The researcher used a purposive sampling method with 24 manufacturing companies listed on the 2018-2020 BEI as the research sample. The analytical tool used by the researcher is statistical analysis using the SPSS 25 program.

The results showed that partially the leverage variable (DER) had an effect on Dividend Policy with a value of sig. 0.010, partially the Liquidity variable (CASHR) has an effect on Dividend Policy with a value of sig. 0.000. Together they affect the Dividend Policy variable as seen from the significance F of 0.000 <0.05.