The Effect of Profitability, Leverage, and Company Size on Dividend Policy (Study on Companies Listed on the Indonesia Stock Exchange for the 2017-2019 Period)

ABSTRACT: Dividend policy is a decision to determine how much part of the company’s revenue will be given to shareholders who are either reinvested or retained in the company. The research objective is to provide empirical evidence regarding the effect of profitability, leverage, and firm size on dividend policy. This research was conducted at companies listed on the Indonesia Stock Exchange (IDX) for the 2017-2019 period. The number of samples taken was 402 samples with three years of observation, through nonprobability sampling method with purposive sampling technique. Data collection was carried out by non-participant observation. The analysis technique used is multiple linear regression analysis techniques.The results of the analysis found that profitability and company size have a positive effect on the dividend policy of companies listed on the Indonesia Stock Exchange for the 2017-2019 period. Meanwhile, leverage has a negative effect on the dividend policy of companies listed on the Indonesia Stock Exchange for the 2017-2019 p