During the year, 2636 listed companies sent 868.5 billion yuan of food, drinks, banks, and petroleum petrochemical industries.

8Jul

Wen | Xing Meng

Recently, many investors have received cash "red envelopes" distributed by listed companies. On July 7th alone, 66 cash dividends were distributed. The same flower Shunian data shows that based on the extraordinary day, as of July 7, 2,636 A -share listed companies have cumulatively cash dividends to all shareholders of 868.5 billion yuan. Among them, the amount of cash dividend of 13 listed companies exceeds 10 billion yuan. "Cash dividends are the most realistic, most reliable, and most practical returns obtained by investors, which has become an important measure to attract medium and long -term funds and encourage value investment." Gui Haoming, the chief market expert of Shen Wanhongyuan, told the Securities Daily reporter, " In recent years, the regulatory authorities have continued to introduce relevant policies to promote the cash dividend of listed companies. At the same time, the re -financing conditions are linked to dividends, which aims to bring long -term stable returns to investors. 90 % of the cash dividend size of the motherboard cash dividend has become the main form of returning investors to listed companies. Over the years, the Shanghai -Shenzhen motherboard listed company has been actively practicing cash dividends and has become the main force of dividends. According to the Flush iFind data, in terms of the section, the cash dividend scale of the Shanghai -Shenzhen motherboards reached 785.6 billion yuan during the year, accounting for 90%of the total dividend of the Beijing and Shanghai and Shenzhen markets; The scale of dividends with the Beijing Stock Exchange is relatively small. At the same time, this year's cash dividend shows obvious industry characteristics, and dividend companies are concentrated in large finance and large consumption fields. Data show that from the perspective of the industry, food and beverages (75.3 billion yuan), banks (73 billion yuan), and petroleum petrochemical (70.3 billion yuan) have the top cash dividend scale. Gui Haoming analyzed that in general, listed companies with the strength of cash dividends often have the characteristics of stable performance and abundant cash flow, and are mainly listed on the Shanghai -Shenzhen motherboard. Dividends. In comparison, science and technology innovation companies such as GEM and science and technology boards are in the climbing stage of their careers. There are many project investment and large demand for cash, so there are fewer cash dividends. "The reason why cash dividends are mainly concentrated in Shanghai and Shenzhen motherboards, mainly because the main board listed company has a large volume, strong profitability, and more concentrated on mature blue -chipped channels. Enterprises have less demand for continuous investment in the project, and they have the ability to make profits large. Dividends. Especially the high level of profitability of large finance, large consumption and other industries, so the dividend is strong. "Yu Qing, the founder of the lens company, said in an interview with the Securities Daily reporter. At the same time, the cash dividend system rules are constantly optimizing. Since October 2008, "Decision on Modifying Several Provisions of the Cash Dividends of Listed Companies" was released to the latest revision of "Regulatory Guidelines for Listed Companies" in early 2022. The cash dividend system continues to improve. Guan Yuqing said that in recent years, the regulatory authorities have strengthened the policy and supervision and guidance of the cash dividends of listed companies. In fact, it is also a powerful measure to advocate value investment concepts and create a value investment environment, which has important positive significance for the long -term healthy development of the capital market. 82 companies' cash dividends exceeded the net profit of last year. From the perspective of this year, there are not a few companies with high ratio and even ultra -high -proportion cash dividends. Data show that from the perspective of the proportion of cash dividends accounted for the net profit of the year, of the aforementioned 2636 listed companies, 547 companies accounted for more than 50%of the cash dividends, accounting for 21%of the total number. Among them, 82 companies exceed 100%, that is, the scale of cash dividends has exceeded the current net profit. "High -proportion cash dividends can allow listed companies to better build a good long -term return mechanism, attract long -term value investors, optimize the structure of investor in existing companies, and also help maintain long -term stability of the stock price. Value. "Ji Yuqing said. At the same time, industry experts believe that they need to be alert to excessive dividends. "The reason for excessive dividends is usually because listed companies have retained a large amount of unprecedented profits in the past few years, so dividends will exceed the net profit of the year." Kuang Yuqing believes that excessive dividends are not necessarily good, and due to the unprocessed profit of the unblocking profit, the profit is not distributed. Limited, so this excess dividend is not sustainable. For many companies, a certain percentage of profits should be retained appropriately to develop new products, new technologies and new businesses to promote the company's long -term sustainable growth. Gui Haoming also believes that the more cash dividends, the better. At present, the average dividend rate of listed companies in my country is about 30%, which is similar to the overseas market, which is basically in line with the international level. For listed companies, excessive dividends may lead to insufficient development. Moderate dividends according to their own conditions should not be used to fish.

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