Dividend policy of steel joint stock companies listed on Vietnam stock market

Dividends are a part of a company’s after-tax profits paid to shareholders. Dividends are considered a tool that provides information to investors about the financial health status of a joint stock company. Dividend policy represents the decision between paying profits to shareholders versus retaining profits for reinvestment. The implementation of dividend policies of joint stock companies is not the same but depends on many factors such as the results of production and business activities, the company’s cash flow situation, financial strategy, and development strategy of the company, legal regulations, personal income tax, investor psychology, transaction costs and costs of issuing new shares, investment opportunities and investment capital needs, need to repay loan repayment, life cycle of the company, control of the company, ability to penetrate the capital market,...