The purpose of this research was to determine and analyze the effect of financial performance on devidend policy and its implications for corporate value in the construction and building industry sub-sector listed on the Indonesia Stock Exchange for the years 2014-2019. The population was 18 companies and sampling technique is purposive sampling, so that the sample in this study amounted to 8 companies. The data analysis technique used is multiple linear regression analysis with the help of Eviews Statistic application. The results of this research indicate that Cash Ratio has a negative not significant effect on DPR. DER has a positive not significant effect on DPR. ROA has a negative significant effect on DPR, while RTO has a negative not significant effect on DPR, and DPR has an effect negative not significant on Tobin’s Q.