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The source of dividends and dividend

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The source of dividends and dividend

Is a regular dividend to shareholders by a certain percentage of points taken from the listed company profits, dividends are distributed in a listed company after the dividend to shareholders by holding the distribution of the proportion of the remaining profits. Access to dividends and dividend is the shareholders of listed companies to invest in basic purpose,

but also the basic economic rights of shareholders.

In general, the listed company after the clearing in the accounting year, according to the number of shareholders holding a portion of profits distributed to shareholders as dividends. According to information disclosure of listed companies in the management of well-organized, China's listed companies in the accounting year end must be within 120 days of the publication of annual financial reports, annual report and in the profit distribution plan to be announced, so the dividends of listed companies are generally payable on the second In the second and third quarter. Distribution of dividends in the dividend, the first is the preferred shareholders in accordance with the provisions of the dividend distribution rate of the exercise, and then the remaining ordinary shares in the profits of shareholders under the dividend access points, the dividend rate may not necessarily be fixed. A dividend check in after hours, if there are profits of listed companies available for distribution, we can under the circumstances to the common stock dividend payment to shareholders. Year dividend to shareholders and dividends, the number depends on the operating results of listed companies because the dividend and dividends are extracted from the after-tax profit, so is the after-tax dividends and profits of the sole source of dividends and dividends payable is a listed company ceiling. Dividends payable in the As a result listed companies, the total amount of generally not higher than the per share after-tax profits, unless there is section of the previous year's profits turn down. of the Company Law of the dividends payable on the company have restrictions, such as on the provisions of China's listed companies must be in accordance with the provisions of the proportion of after-tax profits extracted from the capital fund to make up for losses or the company into a company's capital, so the distribution of listed companies the total amount of dividends and dividend is always less than the company's after-tax profits. Because after-tax profits of listed companies is not only a source of dividends and dividend and the maximum amount of its listed companies are directly related to the operation of which the payment of dividends and dividend. can be carried out. Accounting in a year after the end of the operation, when the listed companies have a profit, dividends and dividend And more profit for the distribution of dividends and dividend more after-tax profits, dividends and dividends, the greater the amount of it.
In addition to operating performance, the dividend policy of listed companies has also affected the allocation of dividends and dividend law. In the future profitability of listed companies, and its after-tax profits, there are two main purposes, in addition to dividend and other than dividends, would like to add the capital to expand production. If the company's dividend policy towards the company's long-term development, then there may be less or non-dividend dividend dividend and profits to the capital fund. contrast, the amount of dividend payable will be larger. Dividends and dividend distribution by the state's tax policy. Shareholders of listed In

companies, both natural and legal persons in accordance with the law must bear the tax liability, such as China have clearly stipulates that shareholders must pay stock returns (dividend dividend) income tax, the ratio of the face value of the stock, more than one-year regular savings part of the deposit interest rate to 20% of the income tax to pay. Listed companies in the implementation of the dividend payable, it must comply with the law and are not to be in violation of the company's charter, to some extent, these provisions also affect the payment of dividends and the number of dividend. principles are as follows: 1. Must be in accordance with the law only after the necessary deductions will be after-tax profits and dividends for the distribution of dividends. of the Articles of Association. Their specific projects and the amount of the deduction depends on the ratio of law and the provisions Shareholders of listed companies and the Board of Trustees of the General Assembly resolution adopted by the dividend can not be with the law and the provisions of the Articles of Association of the conflict. In the after-tax profits of listed companies, their distribution as follows: (1) to make up for losses in previous years. (2) Extraction of the statutory surplus fund. (3) extraction of the Community Chest. (4) extraction of any fund. (5) payment of preferred dividends. (6) common stock dividend payments. In the company to pay the required proportion of income tax will be in accordance with the amount of registered capital (that is, the total share capital) extracted 10% of the statutory surplus fund, but the statutory surplus fund to meet the registered capital of more than 50% can no longer be extracted. The Community Chest of the proportion These
of 5-10% in general, arbitrary Provident Fund and dividends by the Company's Board of Directors in accordance with the profitability of that year reported to the company's shareholders approved the implementation of the General Assembly. 2. Dividends payable should be the implementation of a listed company's dividend policy has been set. Listed companies are generally required to be the company's long-term development needs and the pursuit of short-term investments of shareholders combine the proceeds to develop the appropriate dividend policy for the distribution of dividends, dividend basis. 3. Dividends and stock dividends must be implemented with the benefit principle. A concrete manifestation of the same type of shares in the holding of the shareholder dividend in the amount of dividends, the form, time, etc. may not be differences, but otherwise the provisions of the Articles of Association can be an exception. Such as Shanghai and Shenzhen stock markets in a number of listed companies when the dividend payable to the individual shares or shares 送红股 internal employees, and to the legal person shares or state law to send cash dividend shares. This is in fact an unfair act, which violated the legal person shares and the rights and interests of State-owned shares, shares with different rights, so many state-owned assets issued by the Authority put an end to the right with different shares dividends. 4. A listed company dividends payable in accordance with the above principles must also pay attention to the legal limit. Generally include:

(1) a listed company can not afford to pay debts or dividend payable after the implementation of insolvency, there shall be no distribution of dividends, dividends. Even the company's total assets in excess of the total debt owed by the company, but when liquidity is not sufficient to cover its liabilities as they fall due, may not pay out dividends, dividends.

the company

(2) the distribution of dividends of listed companies, dividends may not be in violation of the company signed to bind the dividend, dividend distribution of the terms of the contract. (3) of listed companies pay out dividends, dividends, in accordance with the law shall not affect the structure of the assets of the company and its normal functioning. Nevertheless, in order to pay out dividends or bonus shares and the Treasury to recover the amount of expenditure, not to the company's statutory capital (equity) has declined. (4) limit the Company's Board of Directors of its own. Mainly manifested in the

distribution of its dividends, dividends shall not use company's board of directors in order to expand production or to deal with the risk of accidents in the company's profits from the extraction of part of retained earnings.

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