As the dividend policy of the enterprise promotes attraction of investors.

The dividend policy of an enterprise, for example a joint-stock company, is such a kind of distribution of the company's profits when dividends, that is, interest from profits, are distributed among shareholders.
How is the company's dividend policy formed? This policy is formed by the board of directors. Much depends on the overall objectives of the enterprise, and on the present, current situation in the company. If it was decided to pursue this policy, the profit of the enterprise is paid in the form of dividends. The principle called dividend policy of the enterprise, as a whole, means a uniform distribution of profits in the enterprise.
Dividend policy of the enterprise represents this kind of distribution of profit, when the owners remain in the win.
But how do dividends affect the exchange rate? That's how. If the size of dividends is high, then this indicates a successful and correct, in all respects, company policies. It also contributes to the contribution of new investments to the company's budget.

Dividend policy of the enterprise is in its pure form not the main source of the company's development or its financing in the short term. The main and most important is the net profit, without dividends. But for a long time in the process of obtaining the planned dividends, the profit of the enterprise, that is, dividends, is becoming an impressive part of the company's profit.
In the process of enterprise development, future dividends are developing and increasing. Therefore, it is very important to combine the two directions for the realization of net profit.

Separate several types of directions of the effect of dividends on the rate of securities.
The first theory, called "Modigliani-Miller Theory" - is when the dividend policy of the company does not affect the overall value of the company and the profit of shareholders as a whole.
The second theory, entitled "The theory of dividend preference". Authorship - D. Gordon and D. Linter.
This theory asserts that profits or dividend income are valued higher than other revenues. Therefore, it is necessary to increase dividends and thus improve the dividend policy of the enterprise.
There are other kinds of theories. They imply a choice of the type of dividend policy as a whole. There are three options for forming the company's dividend policy.
This is a conservative kind of profit, when the income basically implies the overall development of the company, and dividends are, as it were, in second place and used as needed. Conservative type is impressed by two types of dividend policy. This is a residual policy of dividend payments and a policy of minimum stable size.

The second type of dividend policy is aggressive type. In this case, the profit of the enterprise is distributed to the distribution of dividends in order to attract large investments. After all, it is always more pleasant for large investors to work in the sphere of an enterprise with high dividends. The development of the company in this case is already put on the second plan. An aggressive type, as well as a conservative one, corresponds to two types of dividend payment policies. The policy of stable level and the policy of constant increase in the size of dividends.
The third type is the compromise type. The very name speaks for itself. This is the line between conservative and aggressive species.

All types of dividend policies are actively used by enterprises operating in the modern market. This is due, above all, to the fact that in the end, dividends bring new finance, that is, profit. Namely, the receipt of profit and is the desired result of all economic activities that companies are conducting in the market of goods and services. It is the stimulating effect that positively affects the economy of any self-respecting company.