PENGARUH PROFITABILITAS DAN KEBIJAKAN DIVIDEN TERHADAP HARGA SAHAM PADA PERUSAHAAN YANG TERGABUNG DALAM INDEKS LQ45 DI BURSA EFEK INDONESIA PERIODE 2017 – 2021

Abstract

This study aims to analyze the effect of profitability proxied by Return On Assets (ROA) and Return On Equity (ROE), and dividend policy proxied by the Dividend Payout Ratio (DPR) on stock prices in companies that are members of the LQ45 Index on the Indonesia Stock Exchange. period 2017 – 2021. Data collection techniques are documentation and literature study using the purposive sampling method. The sample of this research is 16 companies from a total population of 69 companies. The results of this study indicate that the higher the profitability proxied by Return On Assets (ROA) and Return On Equity (ROE) it will affect stock prices, as well as the dividend policy proxied by the Dividend Payout Ratio (DPR), the higher the dividend value will affect on stock prices. The results of this study are expected to be useful for company management as input to improve company performance in terms of financial ratios and can also be useful for investors as consideration in making decisions before investing.