The Effect of Dividend Yield, Dividend Payout Ratio, and Stock Volume on the Dividend Trap in IDXHIDIV20
Main Article Content
Fitria Oktaviani Putri*
Indah Oktari Wijayanti
A dividend trap is a condition where investors are trapped buying shares at high prices, and the share price continues to fall after the cum date. Investors typically consider dividend yield (DY), dividend payout ratio (DPR), and stock volume as key indicators for evaluating the potential risk of a dividend trap when making investment decisions. This research seeks to examine the impact of dividend yield (DY), dividend payout ratio (DPR), and stock volume on the occurrence of the dividend trap in companies listed in IDXHIDIV20 during the 2023 period. The dividend trap is measured through stock returns taken from the day of the General Meeting of Shareholders (GMS) until the day of dividend distribution. This research’s 2023 dividend distribution schedule and financial statements serve as secondary data. Companies in IDXHIDIV20 for the period 2023 are used as the population in this study. The purposive sampling technique was used to take samples in this study. Panel data regression analysis is used as the analysis method in this study using Eviews 12. This regression tool is used to analyze dividend yield (DY), dividend payout ratio (DPR), and stock volume. Referring to the results of the analysis, it is concluded that partially DY has a negative significant effect on dividend traps, while DPR and stock volume show no significant effect. Simultaneously, DY, DPR, and stock volume have a significant effect on dividend traps.
Almira, N. P. A. K., & Wiagustini, N. L. P. (2020). Return On Asset, Return On Equity, Dan Earning Per Share Berpengaruh Terhadap Return Saham. E-Jurnal Manajemen Universitas Udayana, 9(3). https://doi.org/10.24843/ejmunud.2020.v09.i03.p13
Ananta, A. A. P., & Mawardi, I. (2020). Pengaruh Return on Asset, Debt To Equity Ratio, Dividen Payout Ratio, Dan Dividen Yield Terhadap Return Saham. Jurnal Ekonomi Syariah Teori Dan Terapan, 7(10), 1913. https://doi.org/10.20473/vol7iss202010pp1913-1928
Ardiansyah, N., & Kohardinata, C. (2024). Dan, Pada Dividend Yield Dan Dividend Trap Pada IDXHIDIV20. JAK (Jurnal Akuntansi) Kajian Ilmiah Akuntansi, 11(1), 89–100. https://doi.org/10.30656/jak.v11i1.6621
Arhama Nessa, F. (2023). Pengaruh Frekuensi Perdagangan, Volume Perdagangan Saham, dan Kapitalisasi Pasar Terhadap Return Saham Syariah pada Perusahaan Jakarta Islamic Index (JII) Tahun 2020 - 2022. Majalah Ekonomi, 28(01), 42–51. https://doi.org/10.36456/majeko.vol28.no01.a7436
Arhinful, R., Mensah, L., Amin, H. I. M., & Obeng, H. A. (2024). The influence of cost of debt, cost of equity and weighted average cost of capital on dividend policy decision: evidence from non-financial companies listed on the Frankfurt Stock Exchange. Future Business Journal, 10(1). https://doi.org/10.1186/s43093-024-00384-8
Cynthia, S. S. (2020). Pengaruh Dividend Yield, Sales Growth, Firm Value, Firm Size Terhadap Return Saham. Jurnal Paradigma Akuntansi, 2(4), 1540. https://doi.org/10.24912/jpa.v2i4.9331
Hasim, R. P., & Holiawati. (2022). Effect of Cash Flow Volatility, Growth Opportunities, and Dividend Policy on Hedging Decisions: (Empirical Study on Mining Companies Listed on the Indonesia Stock Exchange 2016-2020). JOURNAL OF MANAGEMENT, ACCOUNTING, GENERAL FINANCE AND INTERNATIONAL ECONOMIC ISSUES, 1(4), 109–124. https://doi.org/10.55047/marginal.v1i4.310
Murtaza, A., & Aryani, A. T. D. (2021). Pengaruh Volume Perdagangan, Laba Akuntansi, dan Profitabilitas Terhadap Return Saham Syariah Dimoderasi Pengungkapan ISR. Jurnal Akuntansi Dan Audit Syariah (JAAiS), 2(2), 146–169. https://doi.org/10.28918/jaais.v2i2.4493
Niawaradila, B., Wiyono, G., & Maulida, A. (2021). Pengaruh Frekuensi Perdagangan, Volume Perdagangan, Dan Kapitalisasi Pasar Terhadap Return Saham Perusahaan Manufaktur Yang Terdaftar Di Bei Periode 2016-2019. Ecobisma (Jurnal Ekonomi, Bisnis Dan Manajemen), 8(1), 122–138. https://doi.org/10.36987/ecobi.v8i1.2078
P.D Charara Bhuntar, M. I. W., & Netty, I. (2023). Pengaruh Volume Perdagangan Saham, Volatilitas Harga Saham Dan Kapitalisasi Pasar Terhadap Return Saham Pada Perusahaan Perdagangan Besar Yang Terdaftar Pada Bursa Efek Indonesia (Bei) Periode 2016-2020. Jurnal Penelitian Ekonomi Manajemen Dan Bisnis, 2(1), 185–195.
Putri, C. O. B., & Syaichu, M. (2023). Pengaruh Return On Asset , Risiko Sistematik , Volume Perdagangan Saham , Bid-Ask Spread , Dan Volatilitas Saham Terhadap Return Saham ( Studi Kasus Pada Perusahaan Jakarta Islamic Index Tahun 2015-2020 ). Diponegoro Journal Of Management, 12(1), 1–15.
Rachmawan, L. H., & Setyorini, H. (2022). Pengaruh Dividend Yield, Earnings Per Share dan Profitabilitas Terhadap Return Saham Perusahaan Farmasi yang Terdaftar di Bursa Efek Indonesia (BEI) Tahun 2016 - 2020. Formosa Journal of Sustainable Research, 1(1), 1–20. https://doi.org/10.55927/fjsr.v1i1.624
Rahayunita, Mukmin, M. N., & Triwidatin, Y. (2024). Pengaruh Price Earning Ratio dan Dividend Yield Terhadap Return Saham dengan Investment Opportunity Set sebagai Variabel Moderasi pada Perusahan LQ45 yang Terdaftar di Bursa Efek Indonesia Tahun 2017-2022. Karimah Tauhid, 3(5), 6143–6154.
Rahmanissa, L. A., & Isynuwardhana, D. (2022). Pengaruh Earning Per Share, Price to Book Value, Volume Perdagangan Saham, dan Nilai Kapitalisasi Pasar terhadap Return Saham. SEIKO : Journal of Management & Business, 4(3), 216–226. https://doi.org/10.37531/sejaman.v4i3.2493
Saputra, R. F., & Ermaya, H. N. L. (2022). Economic Value Added, Market Value Added, & Dividend Yield: Pengaruhnya Terhadap Return Saham Perusahaan. Coopetition : Jurnal Ilmiah Manajemen, 13(3), 373–386. https://doi.org/10.32670/coopetition.v13i3.2289
Setyaningrum, G. R., Lailasari, R., & Syahidah, A. (2023). Pengaruh Return on Assets dan Dividend Payout Ratio Terhadap Harga Saham pada Perusahaan Keuangan Sub Sektor Perbankan yang Terdaftar di Bursa Efek Indonesia. Scientific Journal of Social Humanities, 1(2), 92–105.
Sinaga, A. N., Eric, E., Rudy, R., & Wiltan, V. (2020). Current Ratio, Debt to Equity Ratio, Return on Equity, Dividend Payout Ratio dan Size terhadap Return Saham Perusahaan Trade, Service & Investment Indonesia. Journal of Economic, Bussines and Accounting (COSTING), 3(2), 311–318. https://doi.org/10.31539/costing.v3i2.1043
Taufani, A. L., & Sari, S. P. (2022). Return Saham: Suatu Tinjauan dengan Arus Kas. Duconomics Sci-Meet (Education & Economics Science Meet), 2, 15–23. https://doi.org/10.37010/duconomics.v2.5904
