This research aims to explore the effects of return on assets, net profit margin, current ratio, debts to total assets, debts to equity ratio, assets growth and company size toward dividend payout ratio among the non-finance companies that are listed in the Indonesia Stock Exchange over the period of 2008 to 2011. The sample for this research is 61 companies. Purposive sampling is completed with a set of criterion: (1) the company publishes their annual financial reports during 2008 to 2011 (2) the company continually gain profits and distribute profits during 2008 to 2011. The data is sourced from secondary sources, Indonesia Capital Market Directory (2007 – 2011). This research adopts multiple regression analysis technique with redundant fixed effect model and hypothesis tests using t-statistic to evaluate the partial regression coefficient and F-statistic to evaluate the mean of mutual effect with significance level of 5%.This research finds out (1) a negative and not significant relationship between return on total assets and dividend, (2) a negative and significant relationship between net profit margin and dividend payout ratio, (3) a positive and significant relationship between current ratio and dividend payout ratio, (4) a positive and significant relationship between debts to total assets and dividend payout ratio,(5)a negative and significant relationship between debt to equity ratio and dividend payout ratio, (6) a negative and significant relationship between assets growth and dividend payout ratio and (7) a positive and not significant relationship between company size and dividend payout ratio. This research concludes that current ratio is the most influencing factor in dividend payout ratio as it attains a coefficient value of 0.034531, then it is followed by assets growth and debts to total equity with coefficient values of -0.056847 and -0.063515 respectively. The research suggest that non-finance companies in Indonesia to carefully pay attention to these variables as it could guide them in maintaining a good balance of retained earnings and dividend payouts. Furthermore, this research also suggests that investors also pay attention to these variables as it could help them with the best decision on their shares investment