The article explores the factors affecting companyâ??s dividend policy such as profitability, firm size, financial leverage and growth rate. Data is collected from enterprises listed on the Vietnam securities market in the period of 2006 - 2017 with 2,150 observations. Using the Generalized Least Squares (GLS), the authors have identified two factors that have a positive and significant effect: (i) return on total assets and (ii) firm size. At the same time, research results also show a negative impact of enterpriseâ??s revenue growth rate on the dividend payment ratio. In addition, financial leverage has no impact on companyâ??s dividend policy.
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