ANALISIS FAKTOR – FAKTOR FUNDAMENTAL TERHADAP KEBIJAKAN DIVIDEN TUNAI PADA PERUSAHAAN PERDAGANGAN RITEL YANG TERDAFTAR DI BURSA EFEK INDONESIA

Yahya Arizki Akbar; Eni Zuhriyah

Yahya Arizki Akbar Universitas Muhammadiyah Magelang
Eni Zuhriyah Universitas Muhammadiyah Magelang

Keywords: Cash Dividend Policy, Profitability (ROE), Liquidity (CR), Leverage (DER), Managerial Ownership

Abstract

This study aimed to examine and analyze the effect of the company's fundamental factors
on cash dividend policy in retail trade sector companies in the Indonesia Stock Exchange for
the period 2014 until 2018. The sampling method in this study uses a purposive sampling
method. Multiple regression models are used to analyze 40 samples from 8 retail trade sector
companies with five-year observation period (2014-2018). The results showed that partially
profitability (ROE) had a positive and significant effect on cash dividend policy, liquidity (CR)
had a negative and not significant effect on cash dividend policy, leverage (DER) had a
negative and significant effect on cash dividend policy, and managerial ownership had an
effect positive and insignificant towards cash dividend policy. While simultaneously
profitability, liquidity, leverage and managerial ownership significantly influence cash
dividend policy.

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