Pengaruh Profitabilitas pada Kebijakan Dividen dengan Investment Opportunity Set sebagai Variabel Pemediasi

The company dividend policy determines the amount of dividends distributed to shareholders. This study aims to obtain evidence of profitability in dividend policy with investment opportunities determined as mediating variables. This research was conducted at companies belonging to the LQ45 index on the IDX. The sampling method used was purposive sampling to obtain 87 observations. Data analysis technique used is path analysis. Based on research results, it is known that profitability has a positive effect on investment opportunity set. Profitability has a positive effect on dividend policy. Investment opportunity set has a negative effect on dividend policy. Investment opportunity set is able to mediate the effect of profitability on dividend policy.