Liquidity and Profitability Affecting The Dividend Policy: An Ecological Empirical Study On Consumer Goods Industry In Indonesia

A manager as a company manager must be able to increase profits in accordance with investor expectations, one of which is getting a stable and increasing dividend distribution. There are several factors that can influence dividend policy, namely liquidity and profitability, because the better the liquidity and profitability of the company, the better the dividends distributed to shareholders. The population in this study are companies in the consumer goods industry sector listed on the Indonesia Stock Exchange for the 2014-2019 period, totaling 90 companies. Based on the results of the study, it is concluded that liquidity and profitability have an effect on dividend policy. The study findings educated the company managers about the impact of liquidity and profitability on the dividend policy.