PENGARUH PROFITABILITAS DAN KEBIJAKAN DIVIDEN TERHADAP RETURN SAHAM INDUSTRI MAKANAN OLAHAN DI BEI PERIODE 2018- 2022

Abstract

Stocks are a popular financial instrument traded in the capital market because they can generate promising returns with relatively small capital. However, every investment carries its own risks. Therefore, investors need to conduct fundamental or technical analysis in making investment decisions. Several factors can influence stock returns, such as profitability and dividend policy. This study examines the influence of profitability (return on equity) and dividend policy (dividend payout ratio) on stock returns in the processed food industry listed on the IDX from 2018-2022. The method used is hypothetico-deductive with a total sample of 10 companies selected using purposive sampling and secondary data obtained from financial reports. This study uses Eviews 12 Lite SV to analyze the data. The results show that profitability has a partial positive effect on stock returns, while dividend policy does not have a partial effect on stock returns. Simultaneously, profitability and dividend policy have an effect on stock returns by 20.95%. This study recommends further research with a broader sample and additional variables to provide a more representative picture.