本文认为,我国上市公司股利不分配股利的公司居多,且分配股利的以股票股利为主,现金股利的支付水平极低。这种非理性化股利政策对我国上市公司、投资者和资本市场均造成了极为不利的影响。为此,迫切需要尽快将上市公司的股利分配引导到理性状态。 This paper argues that the dividends of listed companies in our country do not distribute dividends, and the majority of the dividends are distributed in the form of dividends. The payment of cash dividends is extremely low. This non-rational dividend policy has extremely adverse impact on China’s listed companies, investors and capital markets. Therefore, there is an urgent need to guide the distribution of dividends of listed companies to a rational state as soon as possible.