Dividend topic has always gain attention by a lot of researchers and it has been seen as the most favourite topic to be studied in terms of corporate finance. Despite of a lot of research being done, there are still no general consensus on what determine the dividend policy and dividend payout as the findings are varied among the researchers. The purpose of this study is to determine the determinants of dividend payout in Malaysian manufacturing companies specifically in industrial products and services industry. This study was conducted on 51 manufacturing companies listed in Bursa Malaysia Main Market for a period of five (5) years from 2013 to 2017. This study used secondary data whereby the data has been collected by using Thomson Reuters and annual financial report of the companies. In this study, the dependent variable is dividend payout which was measured by dividend per share. Besides, the independent variables of this study are firm size, liquidity and profitability which were measured by using natural logarithm of total assets, current ratio and return on assets respectively. Correlation and multiple regression analysis have been used in order to determine the relationship between the determinants and dividend payout itself. This study found out that the relationships were positive between firm size, liquidity and profitability with dividend payout. Besides, all of the determinants were significant with dividend payout which can be said that all of the variables influence the dividend payout. Furthermore, the result found out that, the most influential determinants that influence dividend payout in the industry is firm size.
