Penelitian ini bertujuan untuk menguji pengaruh struktur kepemilikan, tata kelola perusahaan, struktur modal, dan profitabilitas terhadap kebijakan dividen. Teknik pengambilan data menggunakan metode purposive sampling. Berdasarkan teknik tersebut didapat sebanyak 23 perusahaan keuangan yang terdaftar di Bursa Efek Indonesia selama periode 2017-2021, sehingga diperoleh jumlah data observasi sebanyak 115 data. Teknik analisis data dilakukan menggunakan analisis regresi linier berganda dengan bantuan software SPSS versi 26. Berdasarkan hasil analisis data didapatkan hasil bahwa kepemilikan manajerial dan dewan komisaris independen berpengaruh negatif dan signifikan terhadap kebijakan dividen. Sedangkan struktur modal berpengaruh positif dan signifikan terhadap kebijakan dividen. Selanjutnya kepemilikan institusional, dewan direksi, dan profitabilitas tidak memiliki pengaruh terhadap kebijakan dividen

Kata kunci: struktur kepemilikan, tata kelola perusahaan, struktur modal, profitabilitas, kebijakan dividen

This research examines the effect of ownership structure, corporate governance, capital structure, and profitability on dividend policy. The data collection technique used the purposive sampling method. Based on this technique, 23 financial companies listed on the Indonesia Stock Exchange were obtained during 20172021, so the total observation data was 115. The data analysis technique was carried out using multiple linear regression analysis with the help of SPSS version 26 software. Based on the results of data analysis, it was found that managerial owmership and independent board of commissioners have a negative and significant effect on dividend policy. Meanwhile, capital structure had a positive and significant effect on dividend policy. Furthermore, institutional ownership, board of directors, and profitability did not influence dividend policy. Keywords: Ownership Structure, Corporate Governance, Capital Structure, Profitability, Dividend Policy