Proceedings of the 2021 International Conference on Enterprise Management and Economic Development (ICEMED 2021)

Internal Factors of Dividend Policy at the Firm Level: A Case Study of Lenovo Annual Report

Authors
Yuhan Cao
Corresponding Author
Yuhan Cao
Available Online 2 June 2021.
DOI
https://doi.org/10.2991/aebmr.k.210601.064How to use a DOI?
Keywords
Liquidity, profitability, dividend policy, ratios, efficiency
Abstract

This paper examines Lenovo’s 1617 Annual Report to analyze internal factors of the dividend policy. Dividend policy illustrates relevant events like whether corporations issue dividends, about what percentage of dividends would be issued and when would be the issuing date. Virtually, the main concept of dividend issuance is to distribute corporations’ net profit, which could affect both shareholder’s ownership and retained earnings. Now that dividends are vital to managers and investors, what factors can affect dividend payout? Previous studies have already shown that several external determinants matter in dividend payout. This paper mainly reports internal factors including short-term liquidity, long-term solvency, profitability and efficiency. Moreover, unlike previous articles which used experimental data analysis, this paper uses ratio analysis to present the relationship between each determinant and dividend payout. The paper illustrates that all these internal factors have positive relationships with the dividend payout ratio.

Copyright
© 2021, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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Volume Title
Proceedings of the 2021 International Conference on Enterprise Management and Economic Development (ICEMED 2021)
Series
Advances in Economics, Business and Management Research
Publication Date
2 June 2021
ISBN
978-94-6239-387-5
ISSN
2352-5428
DOI
https://doi.org/10.2991/aebmr.k.210601.064How to use a DOI?
Copyright
© 2021, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Cite this article

TY  - CONF
AU  - Yuhan Cao
PY  - 2021
DA  - 2021/06/02
TI  - Internal Factors of Dividend Policy at the Firm Level: A Case Study of Lenovo Annual Report
BT  - Proceedings of the 2021 International Conference on Enterprise Management and Economic Development (ICEMED 2021)
PB  - Atlantis Press
SP  - 363
EP  - 368
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.210601.064
DO  - https://doi.org/10.2991/aebmr.k.210601.064
ID  - Cao2021
ER  -