The Positive Study On The Personalized Characteristics Of Listed Bank Influencing The Dividend Policy

Dividend policy is the decision that is made by the listed companies about how to distribute the after-tax profit at the end of the accounting period and is very significant for the enterprises. With the growth and development of listed companies, offering investors a reasonable return and the opportunity to share the operating achievements of the companies are the responsibility and obligation of listed companies. Cash dividend is one of the most important forms to realize the return of investment and a key way to cultivate long-term investment and to enhance the vitality and the attraction of the capital market. It is found by studies that the dividend distribution in our country has been very random without continuity and stability. In recent years, more and more people have begun to concern high profits of banking industry. Investors must pay more attention to the banks’dividend policy because of their own interest. Dividend policy is recommended by the board, approved by the general meeting of shareholders and disclosed in the annual report. However, influence factors that affect the dividend policy are usually not described in the report. Therefore, this article chooses some listed companies of banking industry in our country as samples and describes dividend policy in China’s banking industry from2005to2011.According to these companies’own personalization characteristics. This article also analyzes the influence factors of their dividend policy through building index system and carrying on the empirical analysis and draws the conclusion.This article is divided into five parts.Chapter one, the introduction part includes research background and significance of this paper, research review, train of thought, research methods, innovation and limitations. Chapter two is divided into three parts, including the meaning and content of dividend policy, dividend policy theory and the influence factors of listed companies’ dividend policy. Chapter three describes the situation of listed companies’dividend policy in banking industry and their Personalization characteristics. Chapter four is the empirical analysis of the influence factors of dividend policy. Chapter five draws the conclusion according to the results of the empirical analysis.