This paper empirically analyzed the dividend policy of Malaysia listed companies from the factors of the abilities in cash payout and investment opportunity of the companies, especially studied how earning per share (EPS) impacted on cash dividend. In this empirical study, we have EPS variables in order to analyze the relationship between cash dividend of listed companies and the factors, relative variables and definitions. The sample was cross section data of companies listed on the Malaysia including 30 companies in trading and services industry. Service industry or service sector includes portions of a country's economy like tourism, banking, social services, social services and education. Persons working in the service sector collaborate to do work effectively. Knowledge is utilized to increase workplace performance and also for corporate sustenance. Services are intangible and cannot be judged by potential customers before the contract is completed. Goods may be transformed in the process of providing the service, focus is on people interacting with people and serving the customer rather than transforming physical goods. Trading industries include those firms that connects buyers and sellers within the same or different countries but does not get involved in the owning or storing of merchandise. A trading company is a company carrying on trading activities whose activities do not include, to a substantial extent, activities other than trading activities. A trade is anything that is a trade, profession or vocation and is conducted on a commercial basis with a view to profit. Activities carried on by a company with a view to its acquiring a significant interest in the share capital of another company that is a trading company or the holding company of a trading group or sub-group will be regarded as trading activities.