PENGARUH KINERJA PERUSAHAAN TERHADAP KEBIJAKAN DIVIDEND PADA PERUSAHAAN LQ45 TAHUN 2015-2017

This study aimed to determinate the effect of liquidity, profitability, leverage and activity to dividend policy. In this research liquidity is proxy by current ratio (CR), profitability is proxy by return on equity (ROE), leverage is proxy debt to equity ratio (DER), activity is proxy by total asset turn over (TATO) and dividend policy is proxy by dividend payout ratio (DPR.) This research used purposive sampling in determining sample selection. A total of 25 companies listed in the LQ45 indexs with 3 years of observation, is from 2015 to 2017 so that obtained 75 research samples. Analysis technique used was multiple linear regression analysis. The result study found that return on equity had an positive influence on the dividend payout ratio. Debt to equity ratio had an negative influence on the dividend payout ratio, while current ratio and total asset turn over had no effect on the dividend payout ratio.