The Effect of Capital Structure and Liquidity on Profitability with Dividend Policy as Moderating Variables In Manufacturing Companies Listed on the Idx for the 2016 – 2020 Period

The authors feel motivated to conduct more profound research on the Effect of Capital Structure and Liquidity on Profitability with Dividend Policy as a Moderating Variable in Manufacturing Companies Listed on the IDX. This study uses a sample survey of 20 manufacturing companies listed on the Indonesia Stock Exchange for the 2016-2020 period. Data analysis with PLS-SEM. The results showed that (1) Capital Structure positively affects Profitability. (2) Liquidity has a positive effect on Profitability. (3) The dividend policy variable cannot moderate the relationship between capital structure and Profitability. (4) The dividend policy variable cannot moderate the relationship between liquidity and profitability.www.idx.com. Future research is expected to be able to develop research with more research samples so that it can describe all objects that affect firm value outside of this research.