The Comparison of Dividend-paying Policy of to be Listed between China and the United States

摘要

Since the formulation of dividend-paying policy has related to the de velopment of the company and the interests of shareholder in different shareholder structures, the different results to the shareholders by the same dividend-paying pol icy could arise. In China some listed corporations often send out less cash bonus, even no dividend in several years, this situation hurts the small and medium in vestor's confidence to the domestic stock market, but in the United States the share holders of listed corporation have received a dividend payment higher than 50% of the net profit. The listed corporations which accept stock dividend methods account for only 15% of the total. This article analyzes the dividend policy of the both coun tries as a contrast, Firstly it compares the present situation of the dividend policy. Then, explores the factors from multiple perspectives that affect the dividend-paying policy and obtains some enlightenment for policy improving, and finally considers relevant measures for optimizing the regulations to Chinese listed corporation.