PENGARUH LIKUIDITAS DAN PROFITABILITAS TERHADAP KEBIJAKAN DIVIDEN

Abstract

The problem of this research was about decrease in dividend policy BUSN Devisa listed on the

Indonesia Stock Exchange which is measured by Dividend Payout Ratio (DPR) over the last two

years. These factors affecting the dividend policy were liquidity which is measured by Loan to

Deposit Ratio (LDR) and profitability which is measured by Return On Equity (ROE). The

purposes of this study were describing the liquidity, profitability, dividend policy, the effect

liquidity on dividend policy, the effect profitability on dividend policy, and the effect of liquidity

and profitability on dividend policy. This research utilised descriptive and verificative, the

technique which is used was multiple correlation, and hypothesis testing used t Test (partial

significance test) and F Test (simultaneous significance test). The data is gained from secondary

data which is from the annual report and summary of performance BUSN Devisa from 2010-2014.

The population of this study was 25 BUSN Devisa listed on the Indonesia Stock Exchange with 4

samples through purposive sampling technique. The result of hypothesis testing in partial showed

that liquidity and profitability effected the dividend policy significantly. The result of hypothesis

testing showed that the liquidity and profitability effected on dividend policy significant

simultaneously.