Dividend Policy as Moderating Variable on the Effect of Leverage and Profitability on Firm Value

Investors are very interested in the value of go public companies as a consideration making investment decisions. have main goal to earn income or return on investment, one which is dividends. The capital managed by company comes from internal and external sources. Proper management sources important so that investors' goals achieved, therefore this study aims determine effect Dividend Policy moderating variable Leverage Profitability Firm Value Manufacturing companies, especially consumer goods industry sector listed Indonesia Stock Exchange period 2018-2020. This research uses purposive sampling method, with multiple linear regression analysis technique. results show leverage has significant negative firm value, profitability positive while dividend policy able moderate leverage, negatively significantly.