A dividend decision of a firm is an outcome of various considerations. These considerations differacross time and industry. Based on asymetric information – agency theory thought, this study re-examinesvarious variables that have a bearing on the dividend decision of a firm. In addition to examiningthe impact of corporate fundamentals on dividend policy, this study also analyzes the effect ofexpropriation trigger variables (family ownership, cash funds, the level of diversification and RelatedParty Transaction/RPT) on a dividend policy. The results of panel logistic regression indicate thatCash Funds, RPT, Profitability, Size, Growth, Debt and Macroecomics variables are the determinantsof the dividend policy for Indonesian listed public companies, observed during 2002 to 2010.