You can refer to the following online excerpts: dividend [1] dividend, which is also called dividend (French: le dividende). A joint-stock company usually distributes part of its profits to shareholders as dividends according to the number of shares after the year-end settlement. The main forms of dividend payment are cash dividend, stock dividend, property dividend and Jianye dividend. Cash dividend, also known as cash dividend, is a dividend paid to shareholders by joint-stock companies in the form of money; Stock dividends, also known as bonus shares, refer to the way that joint-stock companies distribute dividends to shareholders in proportion to their shares by issuing additional shares instead of cash. The share dividends received by shareholders are actually to increase investment in the company; New companies or expanding companies usually pay less cash dividends by distributing stock dividends. Property dividends are dividends paid to shareholders by joint-stock companies in the form of physical objects or securities. Jianye shares are dividends 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. Dividends are generally paid after the final settlement and the shareholders' meeting passes the settlement plan and profit distribution plan. Some companies pay dividends twice a year, but the mid-term dividend is different from the year-end dividend. The interim dividend is based on the profit in the first half of the year, and the loss in the second half of the year should also be considered. The company's board of directors must decide whether to use usability as a standard. Fundamentally speaking, it depends on whether shareholders consider immediate interests or the future development of the company, which will bring greater benefits. The dividend right belongs to the shareholders' meeting, but the specific dividend plan is proposed by the board of directors and can be determined once it is passed by the shareholders' meeting. Company shares can be transferred. In order to determine who can receive the bonus, some date boundaries must be determined before paying the bonus. There are four important dates to pay attention to, because these four dates are very important for those who pay attention to current income and those who pay attention to capital gains. They are: (1) dividend announcement date. That is, the date when the board of directors announced the decision on dividends. (2) Ex-dividend date. Excluding dividend date. Those who buy shares on or after the ex-dividend date will not be entitled to the latest dividend. The ex-dividend date is usually a few days later than the registration date. (3) Date of registration. Anyone who has a name on the company's register of shareholders on this day can share the latest bonus. Because stock trading and shareholders are constantly changing, it is difficult for a company to determine who the shareholders are in a certain dividend distribution. Therefore, the board of directors must decide a certain day as the registration date, so that shareholders can register their shares and the company can confirm shareholders and pay dividends. (4) dividend payment date. The date when dividends are officially distributed to shareholders. The above date is very important for stock trading. If a shareholder sells his shares the day before the ex-dividend date, he will lose the right to enjoy the dividend. If shareholders buy shares on or after the ex-dividend date, they will not be entitled to the dividend to be distributed soon, and the dividend will still be collected by the original shareholders. Obviously, the announcement date and dividend distribution date have certain influence on the stock trading price. Fund dividend means that the fund distributes part of the income to investors in cash, which is originally a part of the net value of the fund unit. According to the Interim Measures for the Administration of Securities Investment Funds, fund management companies should distribute at least 90% of the net income of funds in cash once a year. Dividends are not as much as possible. Investors should choose a dividend distribution method that suits their own needs. Fund dividend is not the biggest standard to measure fund performance. The biggest criterion to measure the fund's performance is the growth of the fund's net value, and dividends are just the cash for the growth of the fund's net value. For open-end funds, if investors want to realize income, they can also redeem part of the fund shares to achieve the effect of cash dividends; Therefore, whether the fund pays dividends and the number of dividends will not have a significant impact on investors' investment income. For closed-end funds, it is sometimes not feasible to realize fund income by selling fund shares because the unit price of the fund is often different from the net value of the fund. In this case, fund dividends become the only reliable way to realize fund income. Investors should pay more attention to dividends when choosing closed-end funds. Conditions for fund dividends According to relevant regulations, fund dividends need to meet the following three conditions: First, the fund's current year's income can only be distributed after making up for the previous year's losses; Second, after the distribution of fund income, the unit net value cannot be lower than the face value; Third, if the fund investment has a net loss in the current period, it cannot be distributed. There are two main ways of fund dividend: one is cash dividend, and the other is dividend reinvestment. According to the Measures for the Administration of the Operation of Securities Investment Funds, if the investor does not specify the dividend distribution method, the default income distribution method is cash dividend. Investors can go to the institution where you bought the fund to modify the dividend distribution method before date of record. For example, if you hold 6,543,800+shares of a fund, each fund share will receive a dividend of 0.05 yuan: if you choose the cash dividend method, then the basic people will receive a cash dividend of 0.5 million yuan; Assuming that dividends are reinvested and the net value of fund shares on the dividend base date is 1.25 yuan, then the citizen can be divided into 5,000 yuan1.25 yuan/share = 4,000 fund shares, and the fund shares will become104,000. The default dividend method of open-end funds is cash dividend, but the basic people can change it independently according to the individual's specific situation and the changes in the fund market. When changing the dividend distribution method, the consignment customer needs to bring his ID card and securities card to the consignment agency that originally purchased the fund for modification; Direct selling customers can modify themselves through the fund company's website or telephone trading system.