Issuance of shares is one option in choosing a company in making decisions to finance a company. Arizki & et al. (2019) explains that the company's dividend policy is a very important policy because it involves investors who are a source of capital for the company. Therefore, researchers conduct research on constitutional ownership, debt policy, profitability and liquidity on dividend policy. This study uses the object of research on customer and good companies listed in the Indonesian Stock Exchange. This study uses a sample from 2018 to 2020. This study is a causal descriptive study. The method in this research is targeted sampling to get a representative sample. The company that is the research sample must meet several criteria, so that the sample taken is in accordance with the provisions of the researcher. Which this study resulted in a simultaneous influence between the independent variables on the dependent variableIssuance of shares is one option in choosing a company in making decisions to finance a company. Arizki & et al. (2019) explains that the company's dividend policy is a very important policy because it involves investors who are a source of capital for the company. Therefore, researchers conduct research on constitutional ownership, debt policy, profitability and liquidity on dividend policy. This study uses the object of research on customer and good companies listed in the Indonesian Stock Exchange. This study uses a sample from 2018 to 2020. This study is a causal descriptive study. The method in this research is targeted sampling to get a representative sample. The company that is the research sample must meet several criteria, so that the sample taken is in accordance with the provisions of the researcher. Which this study resulted in a simultaneous influence between the independent variables on the dependent variable