Research On Cash Dividend Distribution By Top Choice Medical

Cash dividend distribution is an important way for listed companies to return investors.In order to guide and standardize the distribution of cash dividends of listed companies,the regulatory authorities issued a series of external regulatory policies to guide the cash dividends of listed companies.A series of policies that link the refinancing qualifications of listed companies with the distribution of dividends is called the "semi-enforced dividend policy." Based on this background,this article analyzes the typical characteristics of the distribution of cash dividends.According to the characteristics of general medical care cash dividends,the distribution of cash dividends of the company is divided into two stages: the non-refinancing plan does not allocate cash dividends and the refinancing plan cash dividends caters for two stages.First analyzes profitability,cash flow,and other aspects and finds that the company’s dividend-paying ability does not match its cash dividend level.The company did not distribute cash dividends when it had the ability to pay dividends,but it did cash dividends when the ability to pay dividends fell,and increased the dividend amount through the cash dividend distribution plan.Secondly,the analysis found that there was an unreasonable reason for the company’s long-term non-profit-sharing during the period of no refinancing plan.No dividends did not actually improve the company’s financial pressure and there was an unreasonable use of funds.Finally,through an analysis of General Health’s motives for revising the 2016 cash dividend distribution plan,it was discovered that the company is likely to be dispatched out of compliance with regulatory policies.By looking at the changes and specific performance of the distribution of general medical cash dividends under the background of the semi-mandatory dividend policy,it helps to have a deeper understanding of China’s cash “diplomacy puzzle”.The company itself lacks planning in the formulation of cash dividend policy.The temporary formulation of cash dividend distribution plans or “surprise dividends” is not conducive to the long-term development of the company and the protection of investors’ interests.The relevant policies promulgated by the regulatory authorities have played a role in promoting the cash dividends of listed companies,but there are still some limitations: When the company does not plan to implement refinancing,even if it has strong dividends,it will not make cash dividends for a long time and it will be difficult to receive policies.Constraints;When a company has a refinancing plan,it will induce the cash dividends of listed companies,but it will induce the distribution of cash dividends for listed companies mainly to cater for semi-mandatory dividend distribution policies and not for the protection of investors’ interests.In order to meet the policy’s restrictions on public offerings and share placements to obtain eligibility for refinancing,the pressure on the company’s funds has been exacerbated and the company’s future development has been adversely affected.Through the above studies,it provides case experience for listed companies to formulate a cash dividend policy and for the regulator to further regulate the distribution of cash dividends of listed companies.