This study aims to build a research model to overcome the gap that occurs in the effect of dividend policy on firm value by including profitability as a moderating variable.The population of this research is Pieces 69 companies.While the sample is determined by 20 companies in the LQ-45 index, determined by purposive sampling technique, data analysis using descriptive statistics, regression moderating analysis, classic assumption test, partial test and moderation test.The results of the study prove that dividend policy has a significant direct relationship to the value of the company.Likewise, the profitability performance of companies in the LQ45 index has a significant directional relationship.
Profitability performance in companies in the LQ45 index is not a variable that can provide MAGNESIUM a strong response either to the strengthening or weakening of dividend policy and corporate value.