Analisis Earning Per Share dan Debt to Equity Ratio dalam Merancang Kebijakan Dividen pada Saham Perusahaan HIDIV20

Abstract

The study aims to investigate the influence of dividend policies, earnings per share (EPS), and debt-to-equity ratios on the share price of ten companies over a five-year period. (2018-2022). Sampling method with purposive sampling obtained 10 company samples from 50 populations at the HIDIV20 company. Research findings show that EPS and Debt to Equity Ratio have a direct and significant influence on dividend policy and stock price. Moreover, the ratio of debt to equity also significantly affects the price of stocks. However, dividend policies have no direct impact on stock prices. These results contribute to an understanding of the complex dynamics between the dividend policy, financial performance, and market value of a company that can provide guidance for companies in designing effective dividend policies, taking into account factors such as EPS and the ratio of debt to equity in optimizing shareholder value.