Compared with growth stocks with obvious stock price fluctuations, some high dividend sectors with large market value and stable profits have relatively small stock price fluctuations. They are both defensive and dividend income, which makes them more and more valued by institutions in the recent volatile market.
According to the data, assuming that the cash dividend per share of A-share listed companies in 2022 is consistent with that in 2021, if investors choose to buy at the closing price on the last trading day before the Lunar New Year (January 28), the dividend yield of up to 643 individual shares in 2022 will exceed the annualized yield of yu’e Bao. In Hong Kong listed companies, the dividend yield of some low-cost stocks is more considerable.
get together in traditional industries
According to the data, a total of 3047 A-share companies distributed cash dividends in 2021, accounting for more than 64%. If the actual cash distribution plan in 2021 is taken as a reference, assuming that the cash distribution amount per share of A-share listed companies remains unchanged in 2022, and the closing price on the last trading day before the Lunar New Year (January 28) is taken as the purchase price, after ignoring the transaction expenses and taxes, the dividend rate of 1489 individual shares is expected to exceed 1%, 111 individual shares is expected to exceed 5%, and the dividend rate of the top 10 individual shares is expected to exceed 10%.
As of the closing on January 28, Jiangling Motors Corporation Ltd(000550) share price was 15.6 yuan, and its cash dividend per share reached 3.476 yuan (including tax) in 2021; If the company continues to maintain this cash distribution scale in 2022, the investors who bought at the closing price on January 28 are expected to achieve a dividend yield of 22.28% except for the income from the possible rise of share price.
Based on the above calculation, the top expected dividend yield in 2022 is Fangda Special Steel Technology Co.Ltd(600507) , Chongqing Department Store Co.Ltd(600729) , Yango Group Co.Ltd(000671) , Shenzhen Wenke Landscape Co.Ltd(002775) , Jiangsu Zhongnan Construction Group Co.Ltd(000961) , Haoxiangni Health Food Co.Ltd(002582) , Shenzhen Huijie Group Co.Ltd(002763) , Sanxiang Impression Co.Ltd(000863) , Jinke Property Group Co.Ltd(000656) , etc., with a dividend yield ranging from 10% to 14.25%. The dividend yield of 643 stocks is expected to exceed the latest seven day annualized yield of yu’e Bao by 2.129%.
In terms of industry, among the 31 shenwanyi industries, 643 companies whose dividend rate calculated in the above way outperformed yu’e Bao’s income were concentrated in pharmaceutical and biological, mechanical equipment, real estate, public utilities, banking and other industries; Nearly one fifth of the 111 companies whose dividend yield is expected to exceed 5% in 2022 are concentrated in the real estate industry. In addition, there are many companies in banking, transportation, coal, building materials and other industries.
Not only a shares, but also many high dividend targets worthy of attention in Hong Kong listed companies. According to the data, according to the above calculation, there are nearly 800 Hong Kong listed companies with dividend yield or exceeding the annualized yield of yu’e Bao in 2022, and 137 with dividend yield or exceeding 10%; The four companies with the highest dividend yield, Yazheng real estate, Bauhaus international, Puhua Heshun and Langsheng pharmaceutical, even exceeded their closing price on January 28, 2022.
reflects the defense attribute
For the effectiveness of the high dividend sector and allocation strategy, China Securities Co.Ltd(601066) Securities chief strategy officer Chen Guo pointed out that the stock price is directly proportional to the stock dividend, and the high reinvestment income brought by the high dividend is the basis for the long-term effectiveness of its high dividend strategy. “High dividend companies have a series of characteristics such as excellent financial performance, abundant cash flow and stable profitability, and most of these targets are bank stocks, utility stocks and cyclical resource stocks with large market value and small fluctuation of stock price. When the market confidence is insufficient and the performance is weak, the defensive attribute of high dividend strategy appears, and considerable dividend income can be obtained at the same time.”
Yao Pei, a strategic analyst at Soochow Securities Co.Ltd(601555) , said that generally speaking, in the period of decline and shock consolidation after the sharp rise of the market, such as 2011-2013 and 2016-2019, the high dividend strategy played the “umbrella” feature and the excess investment return was obvious. “In January 2022, the market fell as a whole, the market defensive sentiment dominated at the end of the year and the beginning of the year, and the expectation of stable growth was high. The high dividend portfolio with real estate, banking and mining as the main components obviously outperformed the market. It is suggested to focus on the themes of old and new infrastructure and real estate chain.”
Wu Debang, chief analyst of the long-term dividend strategy of GAODA securities, pointed out that the effective dividend strategy of the A-share market. In the near future, during the market correction period, the valuation of some high-quality enterprises has decreased. We can pay attention to the energy, finance and real estate industries with historically low valuation and improved implied yield, and allocate them in combination with stock market value, performance stability and liquidity.
