FACTORS INFLUENCING DIVIDEND POLICY IN MANUFACTURING COMPANIES

Purpose: This research aims to analyze and provide empirical evidence on cash position, collateralizable assets firm's life cycle dividend policy with size debt equity ratio as the control variables. Methodology: The population includes manufacturing companies listed Indonesia Stock Exchange Philippines during period of 2015-2017. total samples 144 were gathered from 81 Philippine. To data, a quantitative data analysis method was used calculate statistical Eviews application which consists descriptive statistic test, classical assumption panel regression, hypothesis testing. Findings: results revealed that position has significant effect both Indonesian Philippine samples. Whereas, assets, cycle, size, do not have effects It is recommended future add number company other industries, only manufacturing. also suggested use countries outside scope this research, increase observed by expanding years. Additionally, it variables such growth rate, market book value, investment opportunity set may potentially affect policy. Value: comparison determinants in