PENGARUH LAGGED DIVIDEND, LIKUIDITAS, AKTIVITAS, DAN UKURAN PERUSAHAAN TERHADAP KEBIJAKAN DIVIDEN (STUDI KASUS PADA PERUSAHAAN INDEKS KOMPAS 100 YANG TERDAFTAR DI BEI PERIODE 2018-2021)

Abstract

The Kompas 100 Index Company experienced fluctuations in the Dividend Payout Ratio in 2018-2022 which could affect the stability of dividend distribution from year to year. The purpose of this study was to empirically determine the effect of lagged dividends, liquidity, activity, and company size on dividend policy. Tests were carried out on 35 samples of Kompas 100 Index companies listed on the Indonesia Stock Exchange (IDX) for the 2018-2022 period. The method used in this study is a quantitative method obtained from financial reports obtained from the Indonesian Stock Exchange web, while the analytical tool uses SPSS 25. Data analysis uses multiple linear regression, classical assumption test, hypothesis test (t test), simultaneous test ( Test f), and Test the Coefficient of Determination (R2). The sampling technique in this study used a purposive sampling technique. The results of the study partially show that lagged dividends, liquidity, and activity have a significant positive effect on dividend policy. Firm size does not affect dividend policy. The results of the study simultaneously show that lagged dividends, liquidity, activity, and firm size affect dividend policy