Abstract

This study aims to determine the determinants of dividend policy in basic and chemical industrial companies listed on the Indonesia Stock Exchange for the 2016-2020 period. The number of samples in this study was 13 companies with a purposive sampling method. Data collection is carried out by means of documentation techniques, namely through the company's annual report. The results of this study indicate that liquidity has a significant and negative effect on dividend policy, profitability has a negative and significant effect on dividend policy, and profitability is the variable that has the greatest effect on dividend policy.

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