The Effect of Liquidity, Leverage, Firm Size, Managerial Ownership, and Earnings Per Share on Dividend Policy in Food and Beverage Sub-Sector Companies Listed on the Indonesia Stock Exchange 2022–2024

Bertha Beloan; Amiruddin; Darmawati; Ni Nyoman Ayu Suryandari

doi:10.63922/ijevss.v5i02.3652

Bertha Beloan Department of Accounting, Paulus Christian University, Indonesia
Amiruddin Department of Accounting, Hasanuddin University, Indonesia
Darmawati Department of Accounting, Hasanuddin University, Indonesia
Ni Nyoman Ayu Suryandari Faculty of Economics and Business, Mahasaraswati University, Denpasar, Bali, Indonesia

DOI: https://doi.org/10.63922/ijevss.v5i02.3652

Keywords: Dividend Policy; Liquidity; Earnings per Share; Leverage; Firm Size; Managerial Ownership.

Abstract

Dividends are the portion of company profits, determined by the board of directors and approved at the general meeting of shareholders, that is returned to shareholders. This decision is critically important for companies, as it directly impacts investment and corporate financing. This study aims to examine the effects of liquidity, leverage, firm size, managerial ownership, and earnings per share on dividend policy among food and beverage subsector companies listed on the Indonesia Stock Exchange (IDX) for the period 2022–2024. The research population comprises food and beverage companies listed on the IDX during 2022–2024. The sample consists of 18 companies selected through purposive sampling, resulting in 54 observations. Multiple linear regression analysis was employed as the analytical technique. Results indicate that liquidity and earnings per share have a positive and significant effect on dividend policy, while leverage, firm size, and managerial.

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