KEBIJAKAN DIVIDEN SEBAGAI UKURAN KEBERHASILAN KINERJA PERUSAHAAN DAN BERBAGAI FAKTOR YANG MEMPENGARUHI PADA PERUSAHAAN MANUFAKTUR DI BURSA EFEK INDONESIA

Jurnal Akuntansi Prima, Volume VI, Nomor II, Tahun 2016, ISSN: 2088-6136

Rabu, 10 Mei 2017 21:43 | Sudah dibaca 553 kali

The rate of return the company is to increase the prosperity of the shareholders. Return is given by the company to the shareholders can take the form of dividends. Dividends distributed by the company to the shareholders can be the measure of the company's financial performance. Facts at a manufacturing company in Indonesia Stock Exchange during the five years in the period 2005 to 2009 show that not all manufacturing companies able to distribute a cash dividend to its shareholders. The population used in this research were all manufacturing companies totaled 133 companies, then used sampling with purposive sampling technique and obtained 30 manufacturing companies as research samples for 5 (five) years. The research shows empirical evidence that companies Multi Bintang Indonesia, (MLBI) as a manufacturing company the highest cash dividend for five (5) year period of 2009 - 2013. The level of profitability, liquidity, leverage, activity and market value simultaneously significant influence the dividend policy of manufacturing companies in Indonesia Stock Exchange period 2009 - 2013 with a coefficient of determination of 21.1%. Factors affecting dividend policy is the level of liquidity and market value by proving factor that has the most dominant influence on dividend policy of manufacturing companies in Indonesia Stock Exchange period 2009 - 2013 is the factor market value

Kata Kunci: dividend, profitability, liquidity, leverage, activity, market value