Dividend Distribution Policy Of Listed Companies In Heilongjiang Province

The dividend distribution policy is one of the three core content area of financialmanagement,make a reasonable and stable dividend distribution policy is essential forlisted companies.Dividend distribution policy of listed companies in China is notperfect,immature and standardized.The paper is based on relevant scholars to study thedividend distribution policy of listed companies in Hei Longjiang Province.First,the paper reviews the achievements and progress of the scholars at home andabroad on the dividend distribution policy research,laid the theoretical foundation anddirection for the writing of this article.Then,the paper does empirical analysis of21listed companies in Hei LongjiangProvince in2008--2010data,and uses software SPSS17.0to make analysis of selectedsamples.Find out the main factors which affect total dividends and the form ofdividends of listed companies in Hei Longjiang Province.Profitable ability,ownershipconcentration and debt to asset ratio are the main factors affect the pay level of totaldividends of listed companies in Hei Longjiang Province;profitable ability,companyscale,debt to asset ratio and cash flow situation are the main factors affect the pay levelof cash dividends of listed companies in Hei Longjiang Province;profitable ability andownership concentration are the main factors affect the pay level of stock dividends oflisted companies in Hei Longjiang Province.Finally,this paper provides some suggestions for the problems in the dividenddistribution policy of listed companies in Hei Longjiang Province.