Based On The Research Of The Cash Dividend Policy Of Company With Growth

The listed company is one of the driving force for the development of capital market, paying thecorresponding feedback for the support of investors, and make them enjoy the development of economicbenefits, which is the listed company should bear the responsibility. For the listed company itself, cashdividend policy is closely related to its future development, for investors, cash dividend policy is bound upwith their interests. On the one hand, as one of the forms of the dividend payment, cash dividend hasbecome the main way of distribution, It is an important way of promoting the investors obtain investmentreturns. Stable cash dividend policy can not only enhance the confidence of investors, but also make themform good habits of investment, and attain its goal to promote the healthy development of the market. Onthe other hand, the growth is the driving force for the enterprise’s development, It is the critical index toanalyze the listed company earnings and the expansion ability. Sany Heavy Industry, as one of the mostcompetitiveness companyies in mechanical engineering industry.Both in terms of its growth and the privateproperty rights, they are worthy of studying them much carefully. Therefore, it is necessary for us tocombine with the growth of company to studying sany’s cash dividend policy.The growth of listed companies are the research object in my paper. Combined the related theory withthe relevant data of listed companies, through data analysis.To find the relationship between the growthand cash dividend payment rate. In the case of Sany, I study the cash dividend policy from growth, cashdividend distribution scheme and cash dividend payments, etc. Laying the foundation for the final analysisof the relationship between Sany Heavy Industry growth and its cash dividend payment rate.In the end,wefind the reasons and put forward some suggestions.In the article, I through analysis find that Sany Heavy Industry had a low and unstabled cash dividendpolicy from2008to2012. And the relationship between growth of Sany Heavy Industry and the cashdividend payment rate are irregular. From2008to2011, the relationship between Sany’s growth and thecash dividend payment rate were positively correlated.However,from2011to2012, the relationshipbetween Sany’s growth and the cash dividend payment rate were Negative correlation. Not only withgrowth of listed companies in our country and the relationship between cash dividend payment rate is notconsistent, but also do not agree with the changing trend of other growing company in the industry.Through analysis,the complex dividend policy of Sany Heavy Industry was the result which is influnced bythe multi-factors. These factors include the overall environment of the capital market in our country, theequity of sany heavy industry structure, related party transactions and FCFE, etc.