The purpose of this study was to analyze and obtain empirical evidence regarding the effects of profitability, leverage, liquidity and firm size on dividend policy. This research was conducted using a purposive sampling method with a total sample of 94 data from manufacturing companies listed on the Indonesia Stock Exchange with an observation period of 3 years, 2018–2020. This research was conducted using secondary data obtained from the financial statements contained on the website www.idx.com. The results obtained from the study concluded that the profitability variable has a positiveand insignificant effect on dividend policy, leverage has a negative and insignificant effect on dividend policy, liquidity has a positive and insignificant effect on dividend policy and firm size has a positive and significant effect on dividend policy.
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