A-share dividends of 2.24 trillion yuan set a new historical record
Cash dividends are an important way for listed companies to reward investors. Under the guidance of policies, in recent years, the willingness, amount, and stability of cash dividends of listed companies have continued to increase, becoming an important channel for investors to share the dividends of China’s economic growth.
According to Wind data, as of the end of April, a total of 3,855 listed companies have disclosed cash dividend plans in 2023, accounting for more than 70% of the total number of A shares, with the annual cumulative dividend amount reaching 2.24 trillion yuan.
The amount of A-share dividends in 2023 has set a new historical record, and the dividend ratio is also at a historical high. From 2018 to 2022, the total cumulative cash dividends of listed companies were 1.23 trillion yuan, 1.32 trillion yuan, 1.53 trillion yuan, 1.92 trillion yuan, and 2.13 trillion yuan respectively.
In terms of industry distribution, banks, petroleum and petrochemicals, food and beverage, and other industries pay dividends generously. In 2023, the total amount of dividends paid by listed companies in the banking industry will reach 613.350 billion yuan, accounting for 29.28% of the net profit of the banking industry.
The amount of dividends paid by industries such as petroleum and petrochemicals, food and beverages, communications, non-bank finance, and coal is more than 100 billion yuan. Looking at the dividend ratio, listed companies in the food and beverage, communications, coal, and other industries have a higher willingness to pay dividends, with a dividend ratio of no less than 60%, and the dividend ratio of the petroleum and petrochemical industry exceeds 50%.
This record-breaking amount of A-share dividends reflects the strong performance and growth of listed companies in China, providing a positive outlook for investors in the country’s stock market. Source: China-Singapore Jingwei Author: Zhongxin Jingwei Editor: Guo Yaqian