Factors Affecting Dividend Policy and the Effect of Dividend Payout Policy on Stock Price Volatility in Omnibus Law Era

Abstract

This research will examine the influence of factors affecting Dividend Policy and examine the effect of Dividend Payout Ratio to Stock Price Volatility in Omnibus Law Era. The method of this paper will be a quantitative and qualitative analysis. The data and sample are the financial statements in the year 2015-2020 that will be taken from Indonesia Stock Exchange (IDX) official website. This research proved that Management Ownership, Profitability (ROA) and Company Size influence Dividend Policy negatively. Meanwhile, Institutional Ownership, Profitability (ROI), Omnibus Law (Tax Dividend), Dividend Coverage Ratio, Liquidity Ratio, and Debt to Equity affected Dividend Policy positively.