Tujuan penelitian ini adalah untuk mengetahui pengaruh kebijakan dividen, earning volatility, dan leverage terhadap volatilitas harga saham pada perusahaan perbankan sub sektor bank BUMN yang terdaftar di Bursa Efek Indondesia Periode2015 – 2022. Penelitian ini dilakukan menggunakan metode analisis deskriptif pendekatan kuantitatif. Populasi yang digunakan dalam penelitian ini adalah laporan keuangan dari perusahaan perbankan sub sektor Bank BUMN yang terdaftar di Bursa Efek Indonesia (BEI), dan sampel yang digunakan yaitu data laporan keuangan Bank BUMN periode 2015 – 2022 dengan mengguankan teknik sampling jenuh. Teknik pengumpulan data menggunakan metode observasi non partisipan. Hasil penelitian ini yaitu variabel kebijakan dividen dan variabel leverage berpengaruh positif dan signifikan terhadap volatilitas harga saham,variabel earning volatility berpengaruh negatif dan signifikan terhadap volatilitas harga saham, variabel kebijakan dividen, earning volatility, leverage secarasimultan berpengaruh positif dan signifikan terhadap volatilitas harga saham.
Kata kunci : Kebijakan Dividen, Earning Volatility, Leverage, Volatilitas Harga Saham.

The purpose of this study is to determine the effect of dividend policy, earning volatility, and leverage on stock price volatility in state-owned bank sub-sector banking companies listed in Burse Efek Indonesia for the 2015-2022 period. Thisresearch was conducted using a quantitative approach descriptive analysis method. The population used in this study is the financial statements of state-owned banksub-sector banking companies listed on the Indonesia Stock Exchange (IDX) andthe sample used is the financial statement data of state-owned banks for the period2015 – 2022 using saturated sampling techniques. Data collection techniques usenon-participant observation methods. The results of this study are dividend policy variables and leverage variables have a positive and significant effect on stockprice volatility, earning volatility variables have a negative and significant effecton stock price volatility, dividend policy variables, earning volatility, leverages imultaneously have a positive and significant effect on stock price volatility.
Keywords : Dividend Policy, Earning Volatility, Leverage, Stock Price Volatility