Dividen policy becomes the most important for investor. Dividen policy can be used as hint or indicator of company’s finance condition. Which is the company in profil condition or visa versa. Dividen policy it self can be influenced by several factors such as manajerial ownership, institusional ownership, leverage policy, profitability and firm size. The aim of this research is to exposes the influence of manajerial ownership, institusional ownership, leverage policy, profitability and firm siz toward manufacture company’s dividen policy where exist in stock exchange. Population in this research is manufacture company in Indonesia’s stock exchange in 2009 - 2014. The sampelling technique which being used is purpoise sampling and achieved 20 companies. The data of analysis technique is to use double linier regretion test. The result of hypothesis showed that manajerial ownership, leverage policy and profibility, influenced significantly toward dividen policy. On the other hand, institusional ownership and firm size did not influence significantly toward dividen policy.