The purpose of this research is to find out the effect of changes in dividends and dividend policy patterns on the average share price of companies between Indonesia and Singapore. The data used are all companies listed on the Indonesia stock exchange and Singapore stock exchange with a total sample used in Indonesia of 46 and samples from Singapore of 44 companies in 2014-2018. The analysis method used is multiple linear regression, with the results of the study there is no difference in average share price judging by the change in DPS and the pattern of dividend distribution policy carried out by the company.