This research aimed to examine the effect of accounting profit, operating cash flow, growth of sales and firm size on cash dividend policy. This research is quantitative in nature. Population in this study are food and baverage company listed on the Indonesia Stock Exchang in the 2012-2019. The sample selection used purposive sampling technique and obtained 9 compaines as sample with 72 observational data. Data analysis method used multiple linier regression analysis using the Statistical Package for Social Sciences (SPSS) application version 20. The result of this study indicate that the operating cash flows variable has a positive effect on cash dividend policy. While accounting profit, firm size on cash dividend policy. Other than that growth of sales don’t have effect negative on cash dividend policy.