Subject The article considers the typology and analysis of the distributive policy of the company. Objectives The aim of the study is to review the effect of various types of distributive policy on the company's financial condition. Methods The methodological framework includes objective principles of systems approach, the economic analysis, a logical and comprehensive approach to economic phenomena and processes assessment. Results The paper distinguishes two types of distributive policy: dominant and subordinate, presents key characteristics of the types of distributive policy, specifics of dominant and subordinate policies. It substantiates that the subordinate policy has a positive effect on sustainable growth and return on invested capital over the long term; identifies positive impact the dominant policy has on short-term performance of the company and the weighted average cost of capital due to lowering the required return on equity and involvement of the lower-cost debt capital. The paper also presents a flow chart to analyze the distributive policy consisting of four phases. Conclusions The findings provide a rationale for two types of distributive policy and enable to offer a methodology to analyze the policy. The article can be useful for experts of financial services, who are involved in financial decision-making under economic crisis.
Keywords: payout policy, distributive policy, fundamental analysis
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