Dividend Policy is a frequently discussed finance issue in recent years. Dividend payout is very important in terms of corporate governance and financial management. Retained profits, which can be an important financial source for companies, are also affected by the ownership structure of the company. In order to determine the relationship between the ownership structure and the dividend policy, the ownership structures and financial data of the companies registered in the BIST 50 Index for the

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... years 2015-2017 were studied. The results of the panel data analysis were reported in detail. The findings showed that among the companies registered BIST 50 Index in 2015-2016-2017 years which distributed profit, have a negative relationship between the density of the dividend payout.