The Influence of Company Growth in Dividend Policy with Company Risk as Moderator

ABSTRACT: Dividend payments is something that is highly expected by investors. Investors hope that withpositive company growth, the company will be able to pay high dividends. However, in reality a company thathas a high growth rate will tend to have a higher expense on its activities and this will affect the dividend policythat will be done. The higher the company’s growth rate, the lower the dividends paid. This study aims toempirically prove the effect of company growth on dividend policy which is moderated by company risk. Thetechnique used is purposive sampling. The analysis technique used is Moderate Regression Analysis (MRA).Based on the analysis it was found that the company’s growth had a negative effect on dividend policy. Thisstudy also found that the results of company risk weaken the relationship between company growth in dividendpolicy.

KEYWORDS: Company Growth, Company Risk, Dividend Policy.