This study examines the impact of controlled government ownership on the relationship between information asymmetry and dividend using a sample of 60 firms registered in the Egyptian stock exchange during the period from 2015 to 2019, totaling 300 observations. Based on the logistic regression model, the researcher tests the relationship between variables, which are measured as follows: Dividend (dependent variable) is measured as dummy variable equals one if company distributes profits and zero otherwise, information asymmetry (independent variable) is measured by bid ask spread on the day of publication and trading volume on the day of publication, and controlled government ownership is measured by dummy variable, that is one if the company has controlling government ownership and zero otherwise, The results indicate a significant impact of information asymmetry measured by (bid ask spread on the day of publication , trading volume on the day of publication) on the dividend, a significant impact of controlled government ownership on the relationship between information asymmetry measured by (bid ask spread on the day of publication , trading volume on the day of publication) and dividend.