The objective of this study is to analyze determinants of dividend policy to share price of the business. The date used in the study is panel data that were mainly collected from annual reports of 44 enterprises whose shares are listed the HCM City Stock Exchange in 2006-2013. Through estimation by using a fixed-effects model and random effects showed that stock prices of firms have favorable correlation with dividend shares, the ratio of retained profits, profit after tax and profit per share (EPS).