Abstract :
This study aims to determine the effect of Operating Cash Flow and Leverage Cash Dividend for the manufacturing companies listed on the Indonesia Stock Exchange. The population in this study is a manufacturing company listed on the Indonesia Stock Exchange 2009-2011 period. The sampling technique used was purposive sampling. Data obtained from samples www.idx.co.id. By using purposive sampling, number of samples acquired 29 companies. The analysis technique used is multiple linear regression. The significance level used to examine the effect of partially or simultaneously variable is equal to 5%. The results of the hypothesis testing of the first hypothesis (H1) is accepted, the operating cash flow significantly influence the distribution of a cash dividend, the second hypothesis (H2) is rejected, that leverage has no effect on cash dividends, and the third hypothesis (H3) is received, which collectively same operating cash flow and leverage effect on cash dividends.