Objective: This study aims to analyze the dividends smoothing phenomenon in the Tehran Stock Exchange, TSE, during 2009-2016. Method: Data have been collected and analyzed by referring to the professional databases and using Excel and Stata software. Panel data model was applied to test the research hypotheses. Result: Findings verified dividends smoothing in the TSE and showed when the Lintner model (1956) and cash dividends pattern were used, the level of identified smoothing increases. Also, when the Lintner model and announced dividends pattern were used, the levels of smoothing in two sub-periods are different. Conclusion: In the TSE, there exists dividend smoothing phenomenon, and better understanding of it requires consideration of the type of dividends and the model used.