1. Cash bonus. Cash dividend means that a joint-stock company distributes part or all of its surplus reserves and current profits to shareholders in the form of cash dividend, and shareholders should pay interest tax for it. The stable cash dividend policy has higher requirements for the cash flow management of the company. Usually, the stocks of companies with good operating performance and stable cash dividend payment are called blue chips.

2. Share dividends. Stock dividend, also known as stock delivery, refers to the behavior of a joint-stock company to distribute shares to the original shareholders for free, and to convert the surplus reserve originally belonging to shareholders into all the invested capital of shareholders, which is essentially the solidification and capitalization of retained profits, and the share and value of shareholders' rights and interests in the company have changed.

3.4 Important dates

(1) dividend announcement date. That is, the company's board of directors will announce the news of dividends to the public.

(2) Date of registration. That is, the date when the shareholders who participate in the dividend in this period are confirmed by statistics, and the shareholders who hold the shares of the company can enjoy the dividend on this date.

(3) Ex-dividend date. It is usually 65,438+0 working days after the base date, and the stocks bought after this date will no longer enjoy the current dividend. Theoretically speaking, the stock value should be reduced by the same amount as the cash dividend per share on the ex-dividend date, and the stock price should be reduced synchronously with the dividend distribution ratio on the ex-dividend date.

(4) Date of issuance. That is, the date when dividends are officially paid to shareholders.