【小白秒懂】10转10股派10元：到底是送钱、送股，还是文字游戏？

Core Viewpoint - The article explains the concept of stock dividend announcements, specifically the meaning of "10转10股派10元含税," breaking it down into simpler terms for better understanding by investors [1][11]. Group 1: Stock Split and Capital Increase - "10转10股" refers to a capital increase where the company uses its capital reserve to convert it into additional shares for shareholders [3]. - The direct impact on investors includes: 1. Doubling the number of shares held (e.g., from 1000 to 2000 shares) [3]. 2. Adjusting the share price downward (e.g., from 20 yuan to approximately 10 yuan) [3]. 3. Maintaining the total market value (e.g., 1000 shares at 20 yuan equals 20,000 yuan, which remains the same post-split) [3][7]. Group 2: Cash Dividend Distribution - "派10元含税" indicates a cash dividend where shareholders receive 10 yuan for every 10 shares held, translating to 1 yuan per share [4]. - The actual cash received is subject to personal income tax, which varies based on the holding period of the shares [4][5]. - Tax rules are as follows: 1. Holding period ≤ 1 month: 20% tax [5]. 2. 1 month < Holding period ≤ 1 year: 10% tax [5]. 3. Holding period > 1 year: no tax [5]. Group 3: Common Misconceptions - High stock splits are not "free money"; they are internal adjustments that do not change the total market value [8]. - The cash dividend should be evaluated alongside the payout ratio, which is the total cash dividend divided by net profit; a healthy payout ratio is typically between 30% and 60% [9]. - Key dates for dividends include: 1. Record date: Must hold shares by the close of this date to qualify for dividends [10]. 2. Ex-dividend date: Share price adjusts on this date, and shares bought on this day do not qualify for dividends [10]. 3. Dividend payment date: The date when the cash dividend is credited to accounts [10].