The title of this research is Analysis of Dividend Policy and Stock Return in Manufacturing Companies Go Public In Indonesia Stock Exchange (IDX) period 2010-2012. This research is aimed to measure and analyze the role of the variable dividend policy as an intervening variable in mediating the effects of leverage, profitability, firm size , and investments on stock returns.

The samples in this research is 25 companies listed in Indonesia Stock Exchange period 2010-2012. Sampling taking by purposive sampling is based on the completeness of the annual report of each period studied and the company paying the dividends during the study period. To test the hypothesis using multiple linear regression analysis (multiple linear regression) with the application of SPSS version 16.

According to result analyze of data showing that the leverage (DER), profitability (ROE), firm size, and simultan eously investing significant effect on dividend policy (DPR). Partially only variable profitability (ROE) and investments that significantly influence the dividend policy (DPR). Variable leverage, profitability, firm size, investment and dividend policies simultaneously no significant effect on stock returns while only partially profitability significantly influence stock returns. Variable dividend policy is not able to be an intervening variable in mediating the effects of leverage, profitability, and investment firm size on stock returns.

Key Words: Stock Return, Dividend Policy, Leverage, Profitability, Firm Size, Investment.