Background: Beside sponsored resolution and invested resolution, stock dividend policy is significant resolution in financial management. Divided policy dramatically affects to operation, existence and development of a company in many respects. Objectives: The main objective of this research is to measure determinants of divided policy of listed companies in Viet Nam Stock Exchange (VNSE) in order to enrich empirical evidences related to this field. Data used in the study is collected from financial statement of 100 listed companies in Ha Noi and Ho Chi Minh Stock Exchange in 2015. Results: The research result shows that earning per share, financial leverage ratio and current solvency influence divided policy of listed companies in VNSE. Conclusions: Based on the findings, possible solutions for the operation of companies have been considered in order to enrich and improve their efficiency and effectiveness.