R Research objectives to be achieved in this paper is as follows: 1). To determine the partial effect of variable cash position, Growth, Capital Structure, Current Ratio, Free Cash Flow and the Dividend Payout Ratio Profitability at manufacturing companies in Indonesia Stock Exchange in 2007-2009. 2). To determine the influence of variables jointly Cash Position, Growth, Capital Structure, Current Ratio, Free Cash Flow and the Dividend Payout Ratio Profitability at manufacturing companies on the Stock Exchange Indonesia in 2007-2009. Based on the selection criteria in this research found 60 companies, which generate 163 data pooling. The sampling technique used was purposive sampling with the criteria: (1) a public company listed on the Indonesia Stock Exchange during the study period 2007-2009, (2) companies that make dividend payments during the study period 2007-2009, and (3) companies that have complete financial report data during the study period 2007-2009. The analysis technique used was multiple regression with least square equations and hypothesis testing using t-statistic for testing the partial regression coefficient and the [-statistic to test the effect together with the level of significance of 5%. In addition, it also should include the classical assumption that normality test, multicollinearity, heteroscedasticity test and autocorrelation test. From the analysis shows that Current Ratio, Free Cash Flow, and profitability is partially independent variable significant to Dividend Payout Ratio. While the variables of Cash Position, Growth, and Capital Structure showed no significant results on Dividend Payout Ratio at level of significance of less than 5%. While simultaneously (Cash Position, Growth, Capital Structure, Current Ratio, Free Cash Flow and Profitability) also proved to be significant to the Dividend Payout Ratio.