This research aims at recognizing the influencing factors of dividend initiation policy. This research uses quantitative approach, whereas the data were taken from www.idx.co.id. This population of this research are all non-bank companies listed on sharia securities list in the period of 2007-2014. The number of non-bank companies listed on sharia securities list to go public during 2007-2014 are amounted at 85 companies, whilst those which are appropriate to the research’s criteria are 48 companies taken using purposive sampling technique. The tools used was multiple linier regression. The result indicates that profitability variable partially has significant and positive influence toward dividend initiation policy. Growth variable partially has significant and negative influence toward dividend initiation policy. Whereas the other variables of leverage, liquidity, and company size partially doesn’t have any influence toward dividend initiation policy. These are proven by the significance value which is beyond 0.05, with leverage at 0.579, liquidity at 0.405, and company size at 0.671. Therefore, it is only profitability and growth which influence the dividend initiation policy with profitability significance value of 0.000 and growth significance value of 0.048. Simultaneously, profitability, leverage, liquidity, growth, and company size have 0.000 significance value. This implies that those five variables simultaneously have influence toward dividend initiation policy.