Profitability, liquidity, leverage, and corporate dividend policy

This study examines the factors influencing dividend policy: profitability, liquidity, and leverage. The dependent variable of policy is measured using Dividend Payout Ratio (DPR). return measures independent profitability on Equity (ROE) proxy. variables liquidity are Current (CR) proxy, leverage by Debt-to-Equity (DER) sampling method was purposive, data were analyzed multiple linear regression. sample manufacturing sector companies listed Indonesia Stock Exchange (IDX) in 2016-2020. number observational used test totaled 221 observations. research shows that positively affects payout ratio, other variables, namely leverage, do not affect policy. results expected to add literature