Abstract :
Dividend policy is a distribution determined by the company to determine the amount to be paid to investors. The size of the dividends paid by companies to investors depends on the dividend policy of each company, including the manufacturing sector. In 2017-2021 there have been problems with manufacturing companies, bearing in mind that in that year the natural phenomenon of Covid-19 occurred which had a very large impact on the sustainability of the company's economy which caused the company to suffer a lot of losses. This study aims to examine the effect of leverage, liquidity, profitability, and company size on dividend policy in non-cyclical manufacturing companies in 2017-2021. Sources of data were obtained through the company's financial reports on the Indonesia Stock Exchange for 2017-2021. The number of sample data used in this study is 100 company data. The data used is secondary data obtained by idx (www.idx.co.id) or other similar websites. The data analysis technique used is multiple linear regression analysis with the SPSS version 24 statistical test tool. The results of this study indicate that leverage, liquidity, and firm size have no effect on dividend policy. While profitability has an influence on dividend policy.