But some newcomers are too white to believe the rumor that dividends are useless, so I think it is necessary for me to study science.
If the article is just popular science, it will be boring. Let me take China Ping An's performance announcement just released yesterday as an example.
On the afternoon of February 3, I read the peace proclamation.
According to the announcement, China Ping An's net profit in 2020 is 65,438+04,365,438+0 billion yuan, and cash 2.2 yuan is distributed to each share.
This performance is great.
The total market value of Ping An is 1.4 trillion, and the annual profit is1.40 billion, and the annual profit is 1.00%.
You can ask yourself, can you make such a profit by investing in your own business?
In 2020, affected by the epidemic, the insurance business was hit hard, and the performance forecasts of various institutions for China Ping An were generally between 654.38+02 billion and 654.38+03 billion, even if they were optimistic.
I didn't expect it to be 654.38+04 billion in the end, which definitely exceeded expectations.
Then, China Ping An announced for the second time that the profits of 19 1 100 million were taken away as deposits because of the new insurance regulations.
I compared it carefully. The second announcement did not say that the profit was revised from 143 1 billion to 124 billion.
That adds up, according to my understanding, the actual profit in 2020 is162.2 billion, and if191000000 is taken as the security deposit, there will still be1431000000 which belongs to shareholders.
With this understanding, the safety performance in 2020 will be awesome.
And bonuses. What does 2.2 yuan mean?
China Ping An has 654.38+082 billion shares, with a dividend of 40 billion yuan per share representing 2.2 yuan.
Why is the profit attributable to shareholders 143 1 billion only 40 billion, 1 billion?
Because the company needs to develop next year and create more income and profits, it can't share all the profits. In this case, the company will become smaller and smaller, and the stock price will continue to be sluggish, which is not good for shareholders.
So Ping An only took 40 billion.
But divided into 40 billion, corresponding to the total market value 1.4 trillion, the dividend yield reached 2.8%.
In other words, I hold 6,543,800 shares of Ping An, and 28,000 yuan in cash will be directly credited to my account.
Many bank deposits, only 2.8%, are not as good as this dividend.
When will this bonus arrive?
According to the practice of previous years, it is usually May-June or August-September, sometimes once and sometimes twice.
As long as there are safe stocks in your stock account on the registration day one day before the dividend, the dividend will be directly transferred to your stock account.
At that time, you can continue to use this cash to buy stocks, or ask for snacks yourself, whatever.
But many people say that dividends are a scam.
Why do you say that?
If the share of 100 yuan is given to 2.2 yuan, then your share price can't be 100 yuan, but 97.8 yuan, because 2.2 yuan has already given it to you. This is called ex-dividend, which removes dividends from your stock price.
But 2.2 yuan transferred to your account needs to deduct 20% of the dividend tax, which is 0.44 yuan. According to the simple calculation of 0.4, we can only take 1.8 yuan.
In this way, if you pay dividends, the value of your stock will become 97.8 yuan, leaving only 1.8 yuan in your account, with total assets of 99.6 yuan.
You didn't do anything. You lost money out of thin air, 0.4 yuan, because you paid the dividend tax.
But it's a scam. The more dividends, the less money in my account. What did you see with your own eyes, not a scam?
Dividends do reduce the assets in your account. Retail investors lost money.
However, listed companies give tens of billions of profits to the exchange in a down-to-earth manner and let the exchange give them to shareholders.
Now tens of billions of profits of listed companies are gone, and the money in retail accounts is gone.
Where is the money?
Excuse me, where is the money? Who stole the money?
Dividend is because if you don't pay dividends, if you buy them on the registration day the day before the dividend, you can get dividends from 2.2 yuan out of thin air within one day and sell them as soon as you get them.
This will bring drastic fluctuations and unnecessary losses to the stock price. You have to guess how the stock price will jump up and down.
Therefore, after paying dividends, we should remove the stock price and eliminate this short-term arbitrage.
As for the stock price decline after ex-rights, it is hard to say.
It's hard to say for the time being, but according to the year, it will definitely be filled in correctly.
Let me give you an extreme example.
If there is no right to fill in, the stock price does not rise or fall, and there is no transaction, then Ping An will pay a dividend of 2.5% every year and then divide it into 40 years. At this time, the stock price will be divided into zero yuan, all of which will become dividends.
Can you buy the whole Ping An Company at the price of 0 yuan at this time?
0 yuan bought the whole company at a price, and then enjoyed a profit of140 billion, and a dividend of 40 billion a year, all of which only needed 0 yuan.
Do you think it's possible?
Of course not. There must be a lot of money willing to buy above 0 yuan, which led to the rise of Ping An's share price.
Then take a step back and buy the stock price when it is ex-dividend in 2.5 yuan.
2.5 yuan/share subscription, annual dividend 2.5 yuan.
This is even more profiteering than usury, and there must be a large number of people willing to buy it, which leads to the rising share price of Ping An.
Finally, Ping An's share price will be raised to the price that market funds think is reasonable, that is, the initial price.
This is the process of filling in rights.
Because the dividend ratio is very small, it is 2% dividend, not 20% dividend, which is insignificant compared with the fluctuation of stock price.
Moreover, the process of filling rights needs to be spread evenly for one year, which is imperceptible to retail investors, but the perception of 20% dividend tax deduction is extremely obvious.
So they firmly believe that dividends are a scam, but this is actually a ridiculous retarded problem.
In addition, regarding the dividend tax, then
Science popularization for the second time.
From September 8, 2005 to September 8, 2065438, China reformed the dividend tax and encouraged long-term shareholding.
If the shareholding is less than 1 month, the dividend tax will be 20%.
If you hold stocks for more than 1 month and less than 1 year, the dividend tax will be 10%.
If the shareholding exceeds 1 year, the dividend tax shall be exempted.
When you buy and sell a stock frequently, follow the first-in first-out principle, and the holding time of the bottom position is calculated according to the longest principle.
Therefore, it is definitely a good thing for a company to pay dividends. The longer it holds shares, the better the effect will be.
It is difficult to hold shares for one year, and it is quite simple to hold shares for one month.
The company you invested in made money and is willing to share it with you. It should be a good thing to use the brain circuit of the country aunt.
Why do some people think it's a bad thing, accusing dividends of being a scam, and even a bunch of retail investors have no brains to believe it?
Dividend is dividend, which means giving you money in a down-to-earth way.
Moreover, dividends also have the advantage of testing the gold content of financial statements.
He always said that his company made money, but refused to pay dividends. There must be something wrong with this profit.
Dividends, real money dividends, don't tell me those empty ones.
Ping An's annual dividend is as high as 2.8%, and its share price rises by 8% on the basis of the right to fill in, and the annual income 10% is easily received.
It's very simple, because his annual profit is really as much as 10%, with 8% left.
Since Ping An's performance and dividends are so good, why did Ping An fall so badly some time ago?
My explanation is irrational, because the happiness storm in China triggered market sentiment.
Many domestic fund managers are large retail investors, and their level is not as high as you think. This time, there has also been a collective misjudgment of Ping An's performance.
According to this peaceful performance, combined with the previous oversold, today's peace has risen by more than 6%.
But in the middle of the night, I saw a news that the regulatory authorities should conduct a comprehensive risk investigation of the funds in the insurance industry.
It is difficult to estimate how much impact this will have, but it will definitely pour cold water on market sentiment.
In other words, the big positive hedges into small positive, so today's Ping An has increased by 4%.
This is my judgment in Weibo last night.
It was safe today, and the opening gap opened higher 1.9% and closed at 4%, reversing the multi-day decline in one fell swoop, completely in line with the judgment.
At that time, I saw someone planning to open the market and clear all the stocks, because I judged that Ping An would definitely go up today, so I stopped it.
Why do I clearly think that Ping An will go up and prevent others from buying in large quantities?
Because the stock market should be calm, don't be a little surprised at first sight.
Not because of the good news or the bad news.
I told him, just to add a little meaning.
Then I gave him an example. If I sell all Maotai directly at the opening to buy Ping An, other experts will laugh at me as an idiot, because it is impossible for people who really control large funds to do so.
I swear, I really just mentioned it.
Then today, Kweichow Moutai opened at a price of 0.05%, almost flat, and then soared to close at 5.98%. The price per share soared 130 yuan, and the closing price exceeded 2,300 yuan, making it the most beautiful in the whole market.
The price per hand is as high as 232,000 yuan, and one hand of Maotai is equal to one car.
The real forest is supreme, the world is big, and it is difficult to meet the enemy.
Based on my position in Maotai, I am very satisfied with today's increase.
Why did Kweichow Moutai rise today?
I don't know, and it doesn't matter.
As I explained in the article "Investment Mentality and Position Control" the day before yesterday, China Ping An's decline some time ago.
Why did China Ping 'an fall?
I don't know, and it doesn't matter.
Then why didn't I sell the safe daily line, weekly line and monthly line some time ago when the shape was extremely ugly?
Then why didn't I buy it when Ping An performed in off the charts last night, when it was a huge profit?
Then why did I say last night that people who sell Maotai to buy peace this morning would be laughed at as idiots?
What seems to be a coincidence is actually inevitable.
I used to limit the cards directly in Maotai, and I didn't say anything. I just keep it because I think the general trend is still there.
It is very important that the general trend is still there, which is the core cornerstone of my investment.
Ping An's monthly decline of 10% is naturally just a piece of cake, although many retail investors are already anxious to cut their meat.
As for the rebound of Ping An's performance in the later period, for the sake of appreciation, it is appropriate to add a little position to the backhand.
If you sell other positions and increase positions in order to covet this performance, it is pure leek.
Others are not surprised or happy when things happen to them.
And you, at first glance.
Sometimes you just think others are lucky, but you don't know what's behind it. Good luck will come sooner or later, and bad luck will go sooner or later.
Tell you a joke.
In 2008, Buffett bought BYD at the price of 8 yuan per share, and then its share price rose to 80 yuan in one breath. People say that Buffett is really a stock god.
20 12 BYD fell to 9 yuan, and Buffett continued to hold shares. People say Buffett Lian Po is old.
On 20 17, BYD rose to 80 yuan again, and Buffett continued to move. People say that Buffett is really a stock god.
In 2020, BYD's share price plummeted to 33 yuan, but Buffett stayed put. People say Buffett is crazy.
202 1, BYD's share price rose to 237 yuan. People say that Buffett is really a stock god.
But at 13, Buffett never bought or sold it.
What is the biggest revelation of this joke?
That is, these are actually not paragraphs, but investment facts that have really happened.
Buffett is Buffett, and many people are just Ba Jiute.
The difference is probably, how much is your dividend tax exempt from the country?
Related questions and answers: How much tax should be paid for dividends 1. The main reply is that the calculation method of shareholder dividend tax is: the dividend amount multiplied by 20%. After receiving it, individual shareholders need to report to the tax bureau on their own. If they pay taxes in full instead of individual taxes, they only need to report the situation. According to relevant regulations, interest, dividends and bonuses are subject to individual income tax, and the proportional tax rate is 20%. However, dividends received by individual shareholders from listed companies can be taxed at half. The dividends obtained by individual investors from listed companies shall be temporarily reduced by 50% and included in the personal taxable income, and personal income tax shall be levied according to the tax law. Second, dividend analysis dividend is a dividend paid to investors by a joint-stock company every year according to a certain proportion of its share in profits. It is the return on investment of listed companies to shareholders. Dividend is a way to distribute the current year's income to shareholders after withdrawing statutory provident fund, public welfare fund and other items according to regulations. Usually, after receiving dividends, shareholders will continue to invest in the enterprise to realize compound interest. Ordinary shares can enjoy dividends, and preferred shares generally do not enjoy dividends. A joint-stock company can only distribute dividends when it is profitable. Three. Relevant laws According to the individual income tax law, generally speaking, after-tax profits of enterprises should be distributed to shareholders. Personal income tax shall also be levied on the interest, dividends and bonus income obtained by shareholders. According to the enterprise income tax law, the following income of an enterprise belongs to tax-free income: dividends, bonuses and other equity investment income between qualified resident enterprises, that is, for enterprise shareholders, dividends are not taxed in principle. 4. Shareholders of the company quit the company in the middle of the year, can they ask for dividends this year? The company's dividend is based on the annual accounting period, because the company's dividend can only be divided after deducting some items, so the dividend can only be carried out within a period of time after the end of an accounting year.