Motivated by coding applications,two enumeration problems are considered: the number of distinct divisors of a degree-m polynomial over F = GF(q), and the number of ways a polynomial can be written as a product of two polynomials of degree at most n over F. For the two problems, bounds are obtained on the maximum number of factorizations, and a characterization is presented for polynomials attaining that maximum. Finally, expressions are presented for the average and the variance of the number of factorizations, for any given m (respectively, n).