Pengaruh Leverage dan Kepemilikan Institusional Terhadap Kebijakan Dividen pada Sektor Infrastruktur yang Terdaftar di BEI Periode 2020–2024

This study aims to analyze the effect of leverage and institutional ownership on dividend policy in the infrastructure sector listed on the Indonesia Stock Exchange (IDX) from 2020 to 2024. The data used is secondary data obtained from company annual reports. The research sample was determined using purposive sampling, resulting in 288 observations. The analysis method used is logistic regression. The results show that leverage has a negative effect on dividend policy, while institutional ownership has a positive effect on dividend policy. This indicates that institutional ownership plays a role in increasing management oversight, thereby encouraging dividend distribution.