Justification for dividend policy: factors of influence

Dividend policy of the enterprise is an integral part of efficient and rational distribution of the profits of companies. Researchers around the world are studying this phenomenon, considering various approaches to the policy of dividend payment. This article considers some of the factors that may affect the dividend policy of enterprises in Russia and the United States. Such factors as the company's age, legal constraints, as well as the difference in income stability were analyzed. It was concluded that there is a difference in the management of the enterprise in Russia and the United States and in the distribution of profit between the participants of the enterprise by the management team. Thus, in these two countries, the management teams of enterprises take different approaches when choosing a policy for the formation and distribution ofprofits. The factors that accompany the dividend policy can have different effects, which are the difference in the economic development of countries, various interests of shareholders, tax policy, the age of the organization and the stability of its income.