The purpose of this study is to examine the effect of Managerial Ownership (MOWN), Institution Ownership (INST), Profitability (ROA), Leverage (DER) and Cash Position (CP) to Dividend Policy (DPR), empirical studies on Go Public Companies listed on the Jakarta Islamic Index in 2012-2016. This research uses sampling technique that is using purposive sampling so that 65 samples in Go Public Companies listed in Jakarta Islamic Index year 2012-2016. The method of analysis of this study using Multiple Linier Regression using an analysis tool that is SPSS 22. The results of this study states that: Managerial Ownership has no significant effect on Dividend Policy, Institution Ownership has no significant effect on Dividend Policy, Profitability has a significant positive effect on Dividend Policy, Leverage has a significant negative effect on Dividend Policy and Cash Position has no significant effect on Dividend Policy.