An Empirical Study On Cash Dividend Policy Of Power Listed Company

Dividend policy is an important component of the company's financial policy, it is not only related to the benefit of shareholders, but also directly related to the company's financing policy, capital structure, the supervision of the management ,as well as company's sustainable development. In this paper, using descriptive statistical methods, made a comparative analysis about dividend distribution between the electricity industry and industry-wide of listed companies, we found that although the listed power companies more interested in distribution of cash dividends, the dividend payment level is still relatively low, policy-makers lack of dividend continuity and stability. on the basis of concluding the research results of our country and abroad ,this research selected financial data of listed power firms in lasted three years, it analyzed the characteristics and influenced factors of listed power company's cash dividend distribution in China, using multi-regression method. Through the research, I find some important conclusions. So how much cash dividend they distribute depends on their earnings, the shares held by the first major shareholder, the growth rate of earnings and so on. In the end, this article bring forward some suggestions to better build dividend policy of listed power firms in China, based on the demonstration analysis.