Dividend policy has been one of the "Top Ten Unsolved Mysteries" in the field of finance, dividend policy development will affect the company's stock price, while relating to the company's investment and financing, it is one of the core of the financial problems of listed companies. Meantime, dividend policy plays a very important position in the company management and financial management, which has been favored by domestic and foreign scholars. In the study of dividend policy factors, many scholars are studying the main board listed companies, and the research objects of the GEM listed companies are few. In this regard, it's necessary to explore the GEM listed company's dividend policy, in-depth analysis of its relationship with the influencing factors. There are many factors affecting the dividend policy of companies listed on GEM, and this paper analyzes the dividend policy of listed companies from five perspectives: firm size, solvency, profitability, growth ability and corporate governance structure. In this paper, we choose the listed companies with complete data from 2012 to 2014 as the research object. To analyze the data, this article uses SPSS19.0 software and takes Statistical analysis, collinearity diagnosis and stepwise regression analysis in multivariate regression analysis for empirical research. Finally, draw conclusions and make recommendations.
