One of the best approaches for designing future computers is that we use reversible logic. Reversible logic circuits have lower power consumption than the common circuits, used in computers nowadays. In this study we propose a new reversible division circuit. This reversible division circuit is signed divider and has an overflow checking capability. Among the designed and proposed reversible division circuits, our proposed division circuit is the first reversible signed divider with overflow checking capability which has been designed. In this circuit we use some reversible components like reversible parallel adder, reversible left-shift register, reversible multiplexer, reversible n-bit register and reversible n-bit register with parallel load line. In this paper all the scales are in the nanometric area.