1, cash dividend Cash dividend is a dividend distributed to shareholders in cash, which is the most common dividend distribution method. Paying cash dividends must meet three conditions at the same time: sufficient retained earnings; Have enough cash; This is the decision of the board of directors. The decision of the board of directors should be based on the first two conditions.
2. Stock dividends Stock dividends are also called "share dividends". Dividends paid to shareholders by joint-stock companies in the form of shares. When adopting stock dividends, the company usually turns the dividend amount due to shareholders into capital, issues new shares with the same amount, and distributes them according to the shareholding ratio of shareholders.
The calculation of distributing stock dividends is usually expressed as a percentage, such as 10%, 20%, etc. , indicating the ratio of new shares that can be distributed per share. If the calculation result is less than one share, the zero shares can be converted into cash and distributed to shareholders, or the zero shares can be sold together, and the proceeds will be distributed among the zero shareholders.
Conditions for adopting the form of stock dividend distribution: the profits to be distributed by the company must be decided by the shareholders' meeting and must comply with the relevant provisions on issuing new shares.
3. Property dividends Property dividends are dividends paid to shareholders by joint-stock companies with company property other than cash, which is one of the forms of dividend distribution.
There are usually two kinds of property dividends: one is securities dividends. This kind of securities are mainly stocks, bonds and bills held by other companies, including government bonds and financial bonds. The other is dividends in kind. Refers to the distribution of dividends to shareholders with the company's physical property. Generally, the company's own products are used as real dividends or products exchanged with well-connected companies are used as real dividends.
4. Jianye dividend Jianye dividend is a dividend distributed to shareholders with the funds raised by the company as investment profits. This situation mostly occurs in those companies with long construction period, slow capital turnover and high risks. Because of the long construction time, we can't make a profit for the time being, but we must ensure that dividends can attract investors.
Dividend payment procedure: the dividend payment of the company must meet the relevant requirements and be carried out according to the timetable. Under normal circumstances, the distribution plan shall be put forward by the board of directors and then submitted to the shareholders' meeting for resolution before distribution can be made. After the shareholders' meeting passes the distribution plan, it is necessary to announce the dividend distribution plan to shareholders, and determine the date of record, ex-dividend date and dividend payment date.
(1) dividend announcement date, that is, the date when the shareholders' meeting passed the resolution and the board of directors announced the dividend. The announcement will announce the dividend payable per share, the registration date, the ex-dividend date and the dividend payment date.
(2) Registration date, that is, the deadline for the registration of shareholders entitled to receive the current dividend. Any investor who has acquired shares of the company before the specified deadline and becomes a registered shareholder of the company can enjoy the dividends distributed by the company as a shareholder. Shareholders who acquire shares after this date are not entitled to the dividends distributed this time.
(3) Ex-dividend date, that is, the date when the dividend right is separated from the stock. Only stocks purchased before the ex-dividend date can get this dividend, and stocks purchased on or after the ex-dividend date cannot get this dividend. Due to the loss of the right to "pay interest", the stock price will fall on the ex-dividend day.
(4) Dividend payment date, that is, the date when the company actually distributed dividends to registered shareholders in date of record according to the published dividend plan.