With the development of China's capital market and the introduction of relevant laws and regulations, many listed companies in China pay more and more attention to the distribution of cash dividends. Among many listed companies, Foshan Lighting Company is outstanding, and it pays a lot of cash dividends to shareholders every year. The company's dividend policy plays a very good role in showing respect for investors and protecting the concept of value investment in the capital market of our country, and also plays a very good reference role for many listed companies that have problems in formulating dividend policy.
First of all, through the analysis of the company's financial data, this paper observes whether the company's high dividend policy is an over dividend behavior. Then according to the traditional dividend policy theory to analyze the driving factors of the company's high dividend policy, find out the reasons of the company's high dividend policy. Finally, on the basis of the analysis and research of this paper, it provides reasonable suggestions for other listed companies to make dividend policy.
Key words:dividend policy; cash dividend; over dividend