Determinants Of Dividend Policy: Evaluating The Role Of Profitability And Leverage In Indonesian Manufacturing Companies

This study aims to analyze the effect of profitability and leverage on dividend policy in manufacturing companies listed on the Indonesia Stock Exchange. The analysis method used is path analysis using the SmartPLS application. The data used comes from the financial reports of Manufacturing Companies listed on the Indonesia Stock Exchange for the 2019-2022 period. The results show that profitability has a positive and significant effect on dividend policy, while leverage has a negative and significant effect on dividend policy. Thus, Manufacturing Companies listed on the Indonesia Stock Exchange need to consider profitability and leverage in determining dividend policy.