This research aims to test the influence of profitability, investment opportunities, and growth against a policy dividend. The sampling technique used was purposive sampling criteria have been determined. Retrieved as many as 250 companies sempel amount for 5 years on manufacturing companies sector 2010-2014. Analytical techniques used was SPSS version 16.0. multiple regression analysis. The variable profitability measured by Return On assets, investment opportunity variables (IOS) measured with (MVE/, MBE,), Company Growth variables were measured using SGt, as well as a variable Dividend Policy in the HOUSE'S size with based on research results indicate that the profitability of influential and positive significance toward policy dividends. Investment opportunity not significant negative effect against the policy dividend and growth of the potential negative effect insignificant against a policy dividend.