A Study On High Cash Dividend Policy In Food Processing Industry

The dividend distribution policy is closely related to the development of the company.On the one hand,the dividend policy of listed companies can convey signals about the current operating conditions and future development status of the company,and is concerned by stakeholders such as shareholders,creditors and investors;on the other hand,reasonable dividend distribution can attract investors and facilitate Corporate finance,improve company visibility and establish a good public image.Therefore,some listed companies choose a high cash dividend policy,but if the distribution of dividends exceeds the capacity of their own capabilities,it will increase the financial risks of the company and have a negative impact on future development.In this context,the high-dividend dividend policy has received more and more attention.This paper selects the Qiaqia Food Co.,Ltd with high current status in the food processing industry for analysis,and hopes to analyze the correlation factors of the listed companies.This paper adopts theoretical analysis,case analysis and event research methods to analyze the case companies from abstract to specific.The article cuts through the literature results of domestic and foreign scholars' theory and empirical research,which provides a theoretical basis for the later case analysis.This paper introduces the overall distribution of listed companies in China ' s listed companies and food processing industries,and selects the Haoxiangni Jujube Co.,Ltd that is similar in scale and development process in the same industry but not capable,and the Henan Shuanghui Investment and development Co.,Ltd with a higher amount than the Qiaqia Food Co.,Ltd.Compare to analyze the necessary conditions for high distribution.In addition,this paper explores the motivations and economic consequences of the QiaQia company's high distribution from different aspects.In the analysis of economic consequences,the event research method is used to analyze the market reaction of the Qiaqia Food Co.,Ltd's high dividend dividend policy,and it is found that high cash dividends are not attractive.The only element of the investor.In the end,this article raises thoughts and suggestions from the overall analysis of the Qiaqia Food Co.,Ltd,hopes to bring inspiration to similar companies,and makes recommendations for the high-ranking of listed companies in China.