论文部分内容阅读
投资者的收益来自于资本利得以及上市公司派发的股利。本文以道氏理论为基础,选取了所有A股2000-2009年这10年中股息率排名前20的股息为样本组合,与相对应的证券指数作分析比较。从公司高股利政策角度来考虑价值投资策略的有效性,以此给广大投资者在采取价值投资策略时提供一些合理的政策建议。
The investor’s return comes from the capital gains and the dividends distributed by the listed company. Based on Dow theory, this paper chooses the top 20 dividend for all A shares from 2000 to 2009 in the 10 years as the sample portfolio, and compares them with the corresponding securities index. From the perspective of the company’s high dividend policy to consider the effectiveness of the value of investment strategies, in order to give investors a wide range of value investment strategies to provide some reasonable policy recommendations.