Purpose: This study tests the hypothesis of the effect of dividend policy and profitability on stock prices in food and beverage subsector companies listed on the IDX. Research Methodology: The population in this study was Food and Beverage subsector companies listed on the IDX 2020-2022. The sampling technique was purposive, with a total sample of 15 companies. The analysis techniques included the classical assumption test, multiple linear regression analysis, coefficient of determination (R2) test, t-test, and model feasibility test (F-test). Quantitative research method was used. The variables used were dividend policy, profitability, and stock prices. Results: The results of the normality test of normally distributed variables, the results of multicolonierity, heterokedasitas, and autocorrelation tests did not have multicollinearity, heterokedasitas, or autocorrelation problems. The results of hypothesis testing concluded that simultaneously, there is an effect of dividend policy and profitability on stock prices with a sig value of 0.00 <0.05; partially, there is an effect of dividend policy on stock prices with a sig value of 0.021 <0.05, and there is an effect of profitability on stock prices with a sig value of 0.000 <0.05. Limitations: This research is aimed only at Food and Beverage subsector companies listed on the IDX during the period 2020-2022. Contribution: This research is expected to be useful as a reference material in the same research and further research at PGRI University Palembang and is expected to be used as input for research sites to make decisions about the effect of dividend policy and profitability on stock prices in food and beverage subsector companies listed on the IDX.