Shanxi Coal Listed Company Dividend Policy Research

Dividend policy is the rational allocation strategy which a listed company leaves after-tax earnings between the shareholders and retained earnings. As one of the three core elements in a modern corporate finance, dividend policy has been the focus between company's internal external stakeholders'concern and disagreement. A reasonable dividend distribution policy can not only set a good corporate image but also stimulate continued investment in the general investor enthusiasm for the company, allowing the company's long-term, stable development conditions and opportunities. By reviewing the domestic and foreign dividends theory, this article analyzes the dividend distribution of China's listed companies and the status quo and influencing factors of the coal industry in Shanxi Province dividend. From the industry point of view, the purpose and significance of this article is to analyze the impact of dividend distribution policy factors, to identify the factors that affect the dividend distribution policy and the corresponding countermeasures.In this paper, the characteristics of Shanxi Coal dividend distribution of listed companies are analyzed with the method of combining theory and financial analysis. The conclusion is that dividend Distribution Company occupies a higher proportion; cash dividend is a dividend distribution of the main form; dividend distribution policy is stable; cash dividend payment levels increases year by year. Shanxi Coal dividend distribution of listed companies is subjected to a number of factors, both external factors such as laws and regulations and internal factors such as shareholding structure. Through a detailed analysis, the Shanxi Coal dividend distribution of listed companies is perfected from the company's shareholding structure optimization of seven areas.