Banks are one of the financial institutions that play a vital part in the Indonesian economy because banking is involved in all national economic activities such as consumption, investment, and export-import transactions. This study is conducted to examine the effect of Profitability, Liquidity, Managerial Ownership, and Company Growth on Dividend Policy in Banking Companies Listed on the Indonesia Stock Exchange 2017-2020 period. This study employed a quantitative approach with panel data regression method. The results showed that simultaneously Profitability, Liquidity, Managerial Ownership, and Company Growth have a significant effect on Dividend Policy. Partially, Profitability has a negative and significant effect on Dividend Policy, while Liquidity, Managerial Ownership, and Company Growth have no significant effect on Dividend Policy.