When is the stock dividend? How about stock dividends?

Popular Science: Bonus Knowledge Literacy

20 18-05-03 20:54:40

Source: Straight Flush Finance

A few days ago, someone asked me a question about dividends, saying that I asked a lot of places and I didn't get a satisfactory answer. I want to talk about it. What he means is that the listed company transfers the dividend profits to the account of the securities company, and then the securities company transfers them to our account, but at the same time, the stock price in the account is ex-dividend, so we don't get any income. But at the beginning, our money was actually given to the securities company. So from the perspective of cash, where did the money go?

Let me talk about the process first. Suppose a company says that each share will pay dividends of 1 yuan, and you hold 1 ,000 shares, then the listed company calls the securities company 1 ,000 yuan, and the securities company calls you. But at the same time, the share price of your position will be lowered by 1 yuan per share, which will cause your total market value to remain unchanged, which makes many people confused. Where is the money? If you have to pay dividend tax, you will find that dividends are better than no dividends, which makes many retail investors feel very lost.

Actually, it's not like this. First of all, the profit dividends of listed companies are actually drawn from listed companies, and the money is actually paid into your account. You can withdraw 6,543,800 yuan immediately. This is your bonus. Then I'll talk about why I want to increase production and lower the stock price by 1 yuan, because if I don't do this, a considerable number of people will buy shares on the shareholder registration day and sell them as soon as they get dividends, which will lead to violent fluctuations in the stock market. It really doesn't matter whether the stock price is high or low. According to the current accounting system, the ownership of a company is defined according to the number of shares. Suppose the company's total share capital is 65.438 billion shares, and you hold 65.438 million shares, then you hold one tenth of the company's shares. As for whether the stock price is 654.38+0 or 654.38+0 million, you are one tenth of the company's value. Therefore, the ex-dividend deduction of 1 yuan is only to prevent the stock price from fluctuating violently. Generally speaking, as long as the company's value remains unchanged, it will go up later, which is called filling in the right.

Many people are not sensitive to the right to fill in, ha ha ha smile, you are kidding me, anyway, I only saw the dividend, I didn't get any benefits. I waited for a week and didn't fill it in correctly, and it didn't go up much. The reason why I think so is because there are too few A-share dividend companies, and no one feels it. Secondly, the dividend is too low. In many cases, the annualized dividend is 1~2%, that is, assuming that the company's fundamentals remain unchanged, and the rights and interests will be filled in one year, then 2% will be filled. Of course, you won't feel it.

At this time, you can give an extreme example. Suppose you hold a stock with a share price of 100 yuan, you hold 100 shares and buy them for 100 yuan. The next day, the listed company announced that we would pay dividends to 99 yuan per share, so 9900 yuan in cash went directly into your account. You are very happy. You spent 10000 to get back 9900, which is more profitable than selling arms. At this time, the stock price still shows 100 yuan, but this year's dividend has ended and it is impossible to pay dividends again. What would you think? Press the limit and sell it. Sell as much as you can. Everything you sell is profitable. I will buy it back when I want to pay dividends next year, so the stock price fell to 1 yuan per share after eating n limit. At this time, everyone is equal.

This fluctuation trend obviously does not conform to the fundamental trend law of stocks, so the CSRC stipulates that when you hold this 99 yuan bonus, the stock price you hold will directly become 1 yuan/share, and you will have no motivation to sell. Did you lose money? Suppose the company's fundamentals are good or bad in the coming year, that is, we all expect the company to pay dividends to 99 yuan next year. Do you think the company's share price will be 1 yuan? No, it will rise to 100 yuan before the dividend date next year, and you will really earn 9900 yuan at this time. This process of rising back is called empowerment. If it goes up 100 times a year and the stock goes up every day, you can see it clearly.

Although the numerical examples are extreme, the principle is the same. Dividend is one of the few channels for A-share listed companies to give back to shareholders. Only when dividends exist, A shares are not casinos, but real investment markets. Therefore, it is necessary to vigorously support the dividends of listed companies and popularize the common sense of dividends. Dividends are dividends, and cash has really arrived. The money didn't evaporate out of thin air, and no one misappropriated it. Just think clearly.

Speaking of listed companies feeding back shareholders, I cited some foreign examples some time ago. A shares are still in the dividend stage, and dividends are still very small. American stocks have entered the era of profitable share repurchase, and share repurchase has been fully popularized. Companies that do not pay dividends or buy back directly sell and withdraw from the market. This is a healthy market. For example, some time ago, Americans questioned the slowdown in Apple's performance growth and thought that Apple's share price should be lowered. In order to maintain Apple's share price and show their confidence, Apple's management announced the profit distribution plan yesterday, and decided to take out $654.38+00 billion from the profits to buy back and cancel their own Apple shares, and increase the dividend by 654.38+06%. At the same time, they will pay a dividend of $654.38+03 billion.

After reading this news, I thought, this is America. Apple only rose a little after the news was announced. If PetroChina announces this news, I will hang up the daily limit today. It is expected that the word board of 10 daily limit will start.

However, after jiangling motors announced its dividend a while ago, it has dropped by as much as 35% so far. Be careful when playing A shares, the good ones are all bad, that is, the so-called good ones have been cashed. As we all know, it is strange that the stock price does not fall at a high level.