分红是上市公司的一项重要经济行为,上市公司是否分红以及怎样分红,有着诸多考虑因素。本文基于公司财务、公司治理、政策环境等方面的理论和实践,系统分析了上市公司分红行为对股东而言的收益和成本,并分别从公司层面和股东层面进行了阐述。上市公司分红是在特定政策环境下一项综合性的集体决策行为。公众也需正确理解和看待。 Dividend distribution is an important economic behavior of listed companies, listed companies whether dividends and how to dividends, there are many considerations. Based on the theory and practice of corporate finance, corporate governance and policy environment, this paper systematically analyzes the benefits and costs of the dividend distribution of listed companies to shareholders, and elaborates from the corporate level and the shareholder level respectively. Dividend of listed companies is a comprehensive collective decision-making behavior in a specific policy environment. The public also need to understand and treat correctly.