A Study On The Motivation Of The High-Dividend Policy Of Listed Companies

If a company wants to develop long-term,first of all have enough capital investment,the capital of the enterprise investment is the enterprise investors,the reason why investors are investing because they want to profit after the enterprise investment dividends.So the dividend for investors and business development are essential,if the dividend is too small or not dividends,companies will retain more funds,will have a series of problems:the operator may blindly expand the size of the enterprise or construction Luxury office,the pursuit of their own sense of accomplishment,damage the interests of shareholders,the operator will be redundant funds into the low rate of return of the project,which will also damage the interests of shareholders;the other hand,investors will be less dividends,Holdings of the company's shares,affecting the stability of the company's share price.Dividend policy is an important financial policy of joint-stock enterprises,which is related to the distribution of wealth of shareholders,and the shareholders of the economic interests are closely related;while dividend policy is an important financial policy,and corporate strategy,development is also close contact.Therefore,the dividend policy has always been the focus of domestic and foreign scholars.Especially in recent years,the rapid development of the securities market,the stock market into a lot of retail investors,these retail investment is different from the previous market,large,large in order to obtain control,and retail is more concerned about the value of the stock and The dividend of the stock held.So companies to develop appropriate dividend policy,so that investors maintain or increase their investment.This paper is based on the analysis of Shuanghui's development of dividend policy in recent years.At the same time,it is not only beneficial to the dividend policy of the same industry,And the more important is that the state now also pay attention to the dividend situation of enterprises,because the listed companies for the development of the securities market has an important role in the shareholders get enough return on investment,not only an important manifestation of fiduciary responsibility,Steady growth and healthy development of the market.Therefore,enterprises from the corporate stock market stability,but also gradually improve their own dividend policy,more cash dividends,attract potential investors and maintain the existing investors.