Correlation Studies Between Dividend Policy And Company Performance In Listed Companies Of China Manufacturing

Dividend distribution policy is an important part about the financial management of listed companies, but also to the efficient allocation of profit, the listed company's future development. A reasonable dividend policies of listed companies in China manufacturing can not only make the forming appropriate profit retained, distribution proportion, more important can satisfy investors and creditors rights and interests, coordinating the interests of all parties in the relationship. There will be great development of listed companies while the company shareholders receive substantial gains, but also enhance shareholder confidence in the future development of listed companies, Listed companies can handle the relationship between short and long term development. Therefore, dividend distribution policy can be considered the rationality of governance to reflect the effect of the management of listed companies, it can also be reflected in future development of listed companies. In addition, performance is measured the main index of listed company management results, performance has also been wide attention of all social sectors, About manufacturing performance of listed companies and dividend distribution policy research is less, important research results also relatively less, lack of the systematic research articles combining with theoretical analysis and empirical analysis method. Based on this problem on the basis of literature retrieval, select 05-09 related financial data of manufacturing performance of listed companies with the dividend distribution policy. First of all, analyse the dividend distribution policy by using the method of theoretical analysis, Obtained by studying the status of the dividend distribution policy, through the statistical description, analysis of variance and the Kruskal-Wallis test methods on the characteristics of dividend distribution policy depth study; Second, the manufacturing company is divided into three categories, select the evaluation of the performance indicators of these companies manufacture and use of clustering and analysis of variance used to verify the reasonableness of the classification method; Finally, Study the correlation of results with our manufacturing performance between the dividend distribution policy, Including through the establishment of firm performance and dividend distribution policy of the regression model of two-way and through company of three classes respectively by using spss software. Draw the conclusion, and put forward effective manufacturing company management advice.