Processing floating point division generally consists of SRT recurrence, quotient conversion, rounding, and normalization steps. In the rounding step, a high speed adder is required for increment operation, increasing the overall execution time. In this paper, a floating point divider performing quotient conversion and rounding in parallel is presented by analyzing the operational characteristics of floating point division. The proposed floating point divider does not require any additional execution time, nor does it need any high speed adder for the rounding step. The proposed divider can execute quotient conversion, rounding, and normalization within one cycle. To support design efficiency, the quotient conversion/rounding unit of the proposed divider can be shared efficiently with the addition/rounding hardware for floating point multiplier.