The purpose of this study is to assess the impact of the effect of life cycle on dividend policy of the Indonesian Stock Exchange. The population of this study are all manufacturing companies listed in Indonesia Stock Exchange during period 2014 to 2018 uses secondary data. The sampling method used is purposive sampling. The number of samples used in this analysis are 305 samples (61 companies with 5 years of research). The data analysis technique used is a multiple linear regression analysis with using SPSS 16 program. The results showed that the life-cycle variable had a positive and significant effect on dividend policy as calculated by the use of Retained Earnings to Total Equity (RE/TE), both using control variables or without using control variables.