Effectivenes of Retained Earnings and Dividens on IDX Manufacturing Stock Prices

Abstract

This study aims to determine the effectiveness of Retained Earnings and Dividend Policy on Stock Prices in manufacturing companies listed on the IDX. This study uses a quantitative approach with a secondary data research type. The total population in this sub-sector is 27 companies and is selected based on purposive sampling techniques, so that the total sample is 13 companies with a financial statement period of 7 years so that 77 samples are obtained. This study obtained the results that Retained Earnings have a positive and significant influence on Stock Prices, Dividend Policy does not have a significant influence on Stock Prices, and simultaneously Retained Earnings and Dividend Policy have a significant influence on Stock Prices in companies in the materials and building sub-sector listed on the Indonesia Stock Exchange for the period 2019–2025.