THE EFFECT OF DEBT POLICY AND INSTITUTIONAL OWNERSHIP ON DIVIDEND POLICY WITH PROFITABILITY AS A MODERATING VARIABLE

Investment involving investment for​ to achieve future benefits , with​ analysis report finance important for investors where returns main originate from dividends. As done by the Indonesian Company Asahan Aluminum / Inalum which gives room for company For utilize funds for expansion. This shows that every company own dynamics itself which influences decision they in share dividends. This research is study about influence debt and ownership policy institutional to policy dividend with profitability as variable moderation. Debt and ownership policy institutional is variable independent in this research. Policy dividend is variable dependent. Profitability is moderating variables . Data collection methods sample with using purposive sampling. The data used is report data annual report during 2017-2023. Data analysis techniques are regression multiple regression and Moderate Regression Analysis (MRA) with using E-Views 12. The results of this study. (1) debt and ownership policies institutional influential in a way simultaneous to policy dividends. (2) In partial debt policy has an impact significant to policy dividends. (3) In partial ownership institutional influential significant to policy dividends. (4) Profitability is able to moderate but the direction of the relationship weakens Debt Policy on Dividend Policy. (5) Profitability cannot moderate and weakens the relationship between Institutional Ownership on Dividend Policy.