Dividend Policy Of Listed Companies In China

Dividend policy, which is one of the three financial decisions, has longbeen an issue of interest in western financial literature. While various theoriesand empirical studies have been suggested to explain corporate dividend policy,litter can be said about the optimal dividend policy.Since dividend policy is not only related to microscopical operation of acompany but also related to macroscopical operation of financial market.Seniormanagers should follow the financial management rules on one hand whilemaking a dividend policy;On the other hand consider the difference on thedividend policy environment between the domestic and overseas listedcompanies. Senior managers should make a rational dividend policy on the basisof considering various kinds of influence factors of the dividends synthetically,and the policy should redound to a company's continuously operating anddeveloping. This essay analyses the dividend policy status in our country anddifferent influence factors of the dividend policy, then Bring forward the advicesof how to consummate the dividend policy of listed companies in our country.I hope this is helpful to the listed companies in making dividend policies. Firstly, this essay introduces the basic theories of western dividend policyand empirical studies in our country. This section supplies the theory evidenceto study dividend policy in the listed companies of our country.Secondly, it introduce the content of Dividend policy, including the kinds ofdividend models,how to select the types of dividend payments and how toDetermines the dividend-payout ratio and so on.Thirdly, it introduce the characteristics of dividend policy in foreigncountries, and analyses the status of dividend policy in china, ondifferent point of view, finds its characteristics and problems.Finally, it analyses the influence factors of dividend policy and Bringforward the advices of how to consummate the dividend policy of listedcompanies in china.