Distribution Of Dividends Of Listed Companies On Corporate Development And Investor Return

In this paper，empirical research method was used to analyze theeffect of dividends of listed companies from two perspectives：development of the company and return of investors. After2001，Thecommission gradually tightened the dividend policy to protect theinterests of investors，even maybe compulsory dividend in the future.Now average dividend payout ratio set to30%is needed if a companyneed to new list or refinance. SFC started from the IPO to encourage andguide the policy of listed companies to establish cash dividends in thelong-term. This year，the policy is expanded to all listed companies. Butthe investors get stock return or cash dividend is the investment intention.If dividends become less, then more return from stock is perfectlyacceptable. In this paper，empirical research was used to verify thecorrelation between the dividend payment and the growth of company，the validity of the surplus conduction to the stock price，as well as to findhow to regulatory dividends of listed companies，to ensure the companyand investors can benefit both.