Abstract: This research aims to comprehend the impact of ownership structure and Cash Flow on corporate dividend policy in Pakistan: KSE 30 Index. Data was collected from thirty companies which are listed in the Karachi Stock Exchange from randomly which paid the dividend regularly from the period of 2004 to 2014, in this Study includes variables like Dividend Payout ratios dependent and ownership structure, Quick Acid test Ratios, Price Earnings Ratios , Financial Leverage Ratios, Debt to Equity Ratios , Net Profit Margin, Return on Assets, and Cash Flow these are independent. The result of the study proved that ownership structure is dummy variables, Quick Acid test Ratios, Price Earnings Ratios, Financial Leverage Ratios are strongly relation among the dividend payout Ratios. , Debt to Equity Ratios, Net Profit Margin, Return on Assets, and Cash Flow is also related positive relationship. This research offers imminent guidelines to the policy and decision makers in any type of firms to take good decision to set their firms hierarchy system.