THE EFFECT OF FINANCIAL PERFORMANCE AND DIVIDEND POLICY ON CUMULATIVE ABNORMAL RETURN

The purpose of this study was to determine the effect financial performance and dividend policy on Cumulative Abnormal Return for company shares in Jakarta Islamic Index. population all stocks listed Index from 2009 2018. samples were selected by purposive sampling with criteria companies consistently included JII (not delisted relisted) during 2009-2018 period those that met five companies. Financial proxies Earning per Share, Price Earnings Ratio, Current Equity. Meanwhile, Dividend Payout Ratio. This research type quantitative using panel data regression method. results showed Share Return, while On Equity Ratio variables had no Return. implications other parties consists scientific development, especially field management, can be an input investors investing Indonesia Stock Exchange (IDX) so it have a positive impact form dividends or capital gains investors. And used as reference further researchers adding are not study.