Insiders reminded investors that to tap the potential dividend varieties, we should not only pay attention to the floating profit realized by the fund in that year, but also pay due attention to its dividend "tradition". Do you know which ones? The following is a small series that introduces what kind of funds can pay dividends _ What conditions do closed-end funds need to meet for dividends? It is for reference only and I hope it will help you.
Dividend method of closed-end fund
Fund dividends should be a concern of many investors, but there are differences between open-end funds and closed-end funds. Today, Bian Xiao mainly introduces the related issues of dividends of closed-end funds.
Dividends of closed-end funds are generally paid in cash, and the income distribution of closed-end funds shall not be paid once a year, and the annual income distribution ratio shall not be less than 90% of the realized income of the fund in that year, or investors may choose the distribution method of fund share dividends.
According to the relevant regulations, closed-end funds should distribute income at least once a year, and the proportion of income distribution should not be less than 90% of the fund's annual income, so closed-end funds often pay dividends in cash. For closed-end funds with discount transactions, dividends can enhance the investment value of funds. We can use A to represent the unit net value of closed-end funds before dividends, B to represent the dividend amount of unit shares, and C to represent the normal discount rate of closed-end funds. Compared with non-dividend, dividend can increase the fund share by C× B.
According to the official, due to the increase in the value of dividends to closed-end funds, closed-end funds are often loved by investors before a large proportion of dividends, and the discount rate is greatly reduced. In fact, fund cash dividends are very similar to stock cash dividends. Dividends are distributed according to the shares held by investors. For example, if someone holds 65,438+00,000 fund units of a certain fund, and each fund unit pays a dividend of 0.30 yuan, he can get a dividend of 3,000 yuan.
What conditions do closed-end funds need to meet for dividends?
First, the net value of the fund unit is above 1 yuan;
Second, the fund's "distributable income" is positive.
Insiders reminded investors that to tap the potential dividend varieties, we should not only pay attention to the floating profit realized by the fund in that year, but also pay due attention to its dividend "tradition".
What kind of fund can pay dividends?
Fund dividend means that the fund distributes part of its income to fund investors in cash.
It is very necessary for fund investors to know what existing laws and regulations exist for fund dividends, what conditions and methods should be met for fund dividends?
It is understood that fund dividends must meet the following conditions:
1, the fund can only be distributed after the current year's income makes up for the previous year's losses;
2. After the distribution of fund income, the unit net value cannot be lower than the face value;
3. If the fund investment has a net loss in the current period, it cannot be distributed.
On the premise of meeting the above dividend conditions, according to the Interim Measures for the Administration of Securities Investment Funds, the fund manager must distribute at least 90% of the net income of the fund in cash and distribute it at least once a year. The net income of the fund refers to the balance of the fund income after deducting the expenses that can be deducted from the fund income according to the relevant regulations, including dividends, bonuses, bond interest, price difference between buying and selling securities, bank deposit interest and other income. In addition, the cost or expense savings arising from the use of fund assets should also be included in the fund income.
For open-end funds, dividends can be paid in cash or reinvested. The dividend reinvestment method is to buy back the fund shares directly with the due cash income, which is equivalent to the listed company distributing the income in the form of stock dividend. Because closed-end funds generally no longer issue new funds during the duration, they can only pay dividends in cash.
What are the dividend methods of closed-end funds?
According to the provisions of the Measures for the Administration of Securities Investment Funds, the income distribution of closed-end funds shall not be less than once a year, and the annual income distribution ratio of closed-end funds shall not be less than 90% of the realized income of funds. Closed-end funds generally pay dividends in cash.
Investors generally know about cash dividends. At present, domestic closed-end funds stipulate that not less than 90% of the realized income of the fund in the current period must be distributed to fund holders in cash. The fund's cash dividend is distributed in the same way as the stock cash dividend, and is distributed according to each investor's share. If you hold 6,543,800 units of a fund, and each unit pays a dividend of 0.20 yuan, then you can get a cash dividend of 20,000 yuan.
Similarly, in the above dividend situation, if you choose to pay dividends by fund share when investing, and the fund share (announced the next day) is 65,438+0.20 yuan, you can get 20,000 ÷ 65,438+0.20 = 65,438+06,667 fund shares, and your fund share will become 65,438.
The fund share dividend is also called reinvestment. The cash dividend to be distributed will continue to be invested in the fund, accumulated and expanded. For this kind of reinvestment, under normal circumstances, fund management companies do not charge subscription fees and encourage investors to continue to invest in the Fund. If the subscription rate is 2% and the cash dividend reinvestment fund is selected, only (20,000-20,000× 2% )×1.20 =16333 fund units can be purchased, which is 334 less than the direct selection of fund share dividends.
If investors are optimistic about a fund, they may wish to consider choosing fund share dividends; If you need cash income to supplement your family regularly, you should choose cash dividends. Most fund management companies will allow investors to change the choice of dividend distribution methods, so even if your income and household expenses have changed greatly, don't worry, you can apply to the fund management company for change.
Generally speaking, investors who invest in growth funds have strong anti-risk ability and pay attention to the growth and accumulation of capital, which is more suitable for choosing the distribution method of fund share dividends; Investors who invest in balanced funds and income funds pay more attention to stability and cash income, and can choose the distribution method of cash dividends.