Dividend policy is a policy that must be carried out by public companies that gain equity. Dividend policy is related to the proportion of the company's profit sharing for dividends, retained earnings or for investment. Dividend distribution information is important for investors because it is used as information to make decisions. Investors will choose to invest in issuers that distribute high dividends because in the eyes of investors the company is believed to have good prospects in the future. The results of the study are only return on assets that have an effect on the dividend payout ratio.