| Summary: | 碩士 === 淡江大學 === 管理科學學系企業經營碩士在職專班 === 101 === Under turbulent financial environment and high inflation economies, high yield investment objects are favored by the market. The major cause is the investor recognizes that high dividend yield investments seem to have a healthy yield, even stable dividend. Yuanta Taiwan Dividend ETF constituents as the subject of the study, covering the domestic market 30 high dividend yield rate stocks. In this 2007-2011 study period, with the adoption of the multiple regression model, logistic regression model, panel data model and other research methods, empirical results show that a positive relationship between asset turnover and net profit margin of the dividend yield; however, remuneration to directors and supervisors indicates a negative impact to the dividend yield. In other words, for those companies which have good asset management, high net profit margin, and non-high company remuneration of directors are likely considered to generate high dividend yield. In addition, this study shows that the subject of the high dividend yield, its future stock price performance is not excellent. This may be due to the difficulty for highly profitable companies to continue to surpass the past performances and maintain steady economic growth in the future.
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