Peran kebijakan dividen dalam memediasi kinerja keuangan terhadap return saham

This study aims to determine the role of dividend policy as an intervening variable company's financial performance which consists ratio liquidity, solvency, activity and profitability stock returns in public companies that are members LQ 45 on Indonesia Stock Exchange during 2016-2021 period. The type research is quantitative with a descriptive approach. With purposive sampling technique, 21 were obtained samples. Analysis testing hypotheses using Structural Equation Model - Partial Least Square (PLS) method, run SmartPLS version 3.0 software. results showed liquidity had effect, but solvency no effect Dividend Payout Ratio. Only has while have returns. Furthermore, Ratio mediating