Studi Kebijakan Dividen dan Kinerja Keuangan pada Perusahaan Manufaktur

The manufacturing sector plays a crucial role in driving the Indonesian economy. This research aims to identify the factors that influence dividend policy in manufacturing companies listed on the Indonesia Stock Exchange. These factors include profitability (measured by ROA), capital structure (measured by DER), company size (measured by SIZE), and liquidity (measured by CR). The research follows a causal associative and quantitative approach, utilizing secondary data from financial statements available on the Indonesia Stock Exchange website. The study employed a purposive sampling method to select 76 manufacturing companies that met the criteria. Descriptive analysis and Multiple Linear Regression Analysis were used as the analytical methods. The findings reveal that profitability, company size, and liquidity significantly affect dividend policy, whereas capital structure does not show a significant effect. Consequently, companies are advised to enhance their profitability, liquidity, and performance in terms of company size to provide attractive dividends to their investors