With the disclosure of the annual report of Listed Companies in 2022 entering the intensive period, the density and intensity of cash “red envelopes” distributed by listed companies have also reached a new high frequently. In recent three years, the dividend rate has exceeded the one-year fixed deposit varieties of banks, which has attracted the attention of the market.
According to the data, as of March 29, 573 A-share companies have disclosed the distribution plan for 2021 (including companies that have implemented the dividend plan and issued the dividend plan). Among them, 571 A-share companies (including the annual report and semi annual report) involved in the distribution plan, with a total proposed dividend of 453133 billion yuan. Among them, the ‘60028 a-share companies ranked among the “ten billion list” of dividends.
14 companies have paid more than RMB 1 per share for 3 consecutive years
Further statistics show that 135 of the above 571 companies intend to distribute cash of 0.5 yuan or more per share. Among them, 46 companies intend to pay out cash of 1 yuan or more per share in 2021, Sino Biological Inc(301047) takes the lead in cash of 10 yuan per share, Shanghai Bright Power Semiconductor Co.Ltd(688368) , Chongqing Department Store Co.Ltd(600729) , Eastroc Beverage (Group) Co.Ltd(605499) and Eastroc Beverage (Group) Co.Ltd(605499) also intend to pay out cash of 3 yuan or more per share, which are 4 yuan, 3.79 yuan and 3 yuan respectively.
It can be seen that among the 135 companies that are among the 135 companies that are expected to have cash out per share of more than 0.5 yuan per share in 2021, 2020, and 2019, 46 companies are among the 135 companies that are expected to have cash out per share of more than 0.5 yuan per share in 2021, 2020, 2020, and 2019. Among the 135 companies that are expected to have cash out per share of more than 0.5 yuan per share in 2021, and among the 135 companies that are expected to have cash out per share of more than 0.5 yuan per share in 2021 for 2021. Among the 135 companies that plan to have cash out per share of more than 0.5 yuan per share in 2021, 2020, and 2019 for three consecutive three consecutive years in three consecutive years in 2021, 2020, and 2019 for three consecutive three consecutive years in 2021, 2020, and 2019 for three consecutive three consecutive three consecutive years, including China Pacific Insurance (Group) Co.Ltd(601601) China Shenhua Energy Company Limited(601088) 14companies, including and others, have also paid cash per share of 1 yuan or more for three consecutive years.
From the perspective of industry, the above 46 companies with cash payment per share exceeding 0.5 yuan for three consecutive years are mainly clustered in four industries such as medicine and biology, electronics, food and beverage and basic chemical industry, involving 7, 6, 5 and 5 companies respectively.
Yuan Huaming, general manager of Huahui Chuangfu investment, interviewed by the reporter of Securities Daily, said that listed companies that can continuously pay dividends are often in high-profile industries, with prominent business effects and abundant cash flow. At the same time, the development of enterprises is relatively stable and the demand for expansion investment is small. Dividends correspond to the current income of investors. If the market sentiment is pessimistic or the market long-term interest rate rises, high dividend companies are often more sought after by the market, and relevant companies will be more resistant to decline. If the market sentiment is optimistic and the market long-term interest rate declines, the value of immediate dividends will decline. In this case, the market will pay attention to growth enterprises, and gaogaohong listed companies may not have an advantage. Since this year, the market sentiment has been cautious and the market fluctuates greatly, which is objectively conducive to gaogaohong listed companies.
Table 1: companies with cash distribution per share of 1 yuan or more for three consecutive years p align = “center” prepared by: Ren Shibi
36 companies with cash dividend ratio exceeding 50% of net profit for three consecutive years
Among the 571 A-share companies, 65 of the 65 of the above-571 A-share companies are expected to have more than $1 billion in 2021. The 60028 China Life Insurance Company Limited(601628) , China Telecom Corporation Limited(601728) China Citic Bank Corporation Limited(601998) and other seven A-share companies also planned to send more than 10 billion yuan in cash in 2021.
Among the above 571 companies that plan to pay cash dividends, 109 companies plan to pay cash in 2021, accounting for more than 50% of the net profit, accounting for nearly 20%. Among them, 17 companies expect that the dividend amount in 2021 will exceed the net profit of the current year, and two companies such as Shanghai Pret Composites Co.Ltd(002324) , Chongqing Qin’An M&E Plc(603758) etc. expect that the dividend amount in 2021 will exceed the net profit of the current year by more than twice, 212.23% and 202.17% respectively.
It can be found that among the 109 companies mentioned above, 36 companies have paid cash in excess of net profit by more than 50% for three consecutive years in 2021, 2020 and 2019, Yutong Bus Co.Ltd(600066) , Zhejiang Golden Eagle Co.Ltd(600232) Zhejiang Golden Eagle Co.Ltd(600232) for three consecutive years, cash in excess of net profit by 100%. The proportion of cash in net profit in 2021 is 184.34% and 145.51% respectively, the proportion of cash dividend in 2020 is 219.28% and 224.44% respectively, and the proportion of cash dividend in 2019 is also as high as 114.11% and 277.94% respectively, It can be said that the “red envelopes” brought by the two companies to investors are very rich.
Table 2: companies with cash dividend ratio exceeding 50% for three consecutive years p align = “center” prepared by: Ren Shibi
185 companies intend to have a dividend rate higher than the one-year fixed deposit of the bank
It’s worth mentionwhat’s worth the mention that it’s worth the mention that it’s worth the mention that among the 571 A-share companies that plan cash dividends, 185companies that plan to pay more than a bank at the closing price on March 29, and 185of the above-mentioned A-share companies, among the 571a A-share companies, among the A-share companies that plan to cash out, 185companies that plan to pay dividends at the closing price of March 29, 185companies that plan to pay more than 1.75% of the bank, 1.75% fixed deposit for a year, Jinneng Holding Shanxi Electric Power Co.Ltd(000767) 61 \ , China Shenhua Energy Company Limited(601088) Bestsun Energy Co.Ltd(600681) and other four companies also expect dividend yields of more than 8%.
In fact, paying attention to a company’s dividend yield depends not only on one year, but also on its sustainability. Statistics show that among the 185 companies whose proposed dividend rate exceeds 1.75% of the bank’s one-year deposit, 81 companies have exceeded the bank’s one-year deposit for three consecutive years in 2019, 2020 and 2021, accounting for 43.78%. Among them, Chongqing Department Store Co.Ltd(600729) 2021’s proposed dividend yield is 14.06%, 2020’s dividend yield is 13.47%, and 2019’s dividend yield is 2.67%, making it a company with high A-share return.
What is more noteworthy is that among the above 81 companies whose dividend yield exceeds the one-year deposit of the bank for three consecutive years, 33 companies have shown an upward trend year by year for three consecutive years, China Shenhua Energy Company Limited(601088) as a major cash dividend of A-share companies, China Shenhua Energy Company Limited(601088) 2021 A-share plans to pay 25.4 yuan (including tax) for every 10 shares, with a total cash payment of 41.887 billion yuan. However, the dividend yield of the company shows an upward trend year by year, with a dividend yield of 4.31% in 2019, The dividend yield is expected to rise to 19.44% in 2020, and then to 2021.6%.
China Shenhua Energy Company Limited(601088) big dividends come from the bright performance. According to the disclosure of China Shenhua Energy Company Limited(601088) annual report, in 2021, China Shenhua Energy Company Limited(601088) achieved an operating revenue of 335216 billion yuan, a year-on-year increase of 43.7%; The net profit was 50.269 billion yuan, a year-on-year increase of 28.3%; The basic earnings per share is 2.53 yuan.
The above 81 companies whose dividend rate exceeds the bank’s fixed deposit for one year for three consecutive years involve 20 Shenwan industries. Five industries such as banking, medicine and biology, building materials, commercial retail and architectural decoration rank first in the number of companies whose dividend rate exceeds the bank’s fixed deposit for one year for three consecutive years, involving 8, 8, 7, 6 and 6 companies respectively.
In the face of varieties whose dividend rate has exceeded the bank’s fixed deposit for one year for three consecutive years, Hu Po, manager of Rongzhi investment fund under private placement paipai.com, told reporters, “Stock investment income comes from the rise of stock price and dividend, and high dividend rate often means that the listed company not only has high dividend but also has low P / E ratio. Therefore, the dividend rate is often one of the important criteria for investors to judge whether the enterprise has investment value. The higher the dividend rate, the stronger the profitability of the company. The dividend rate for three consecutive years exceeds the fixed deposit of the bank for one year, which not only indicates that the dividend rate is high, but also has particularly good sustainability , such companies have great long-term investment value. “
Hu Po further added that the relevant high dividend varieties are often relatively strong cyclical stocks, so investors may also pay attention to the cyclical fluctuation risk of the stock price itself. The stock term strategy may show its value and power on a long time scale.
Table 3: companies whose dividend rate exceeds the fixed deposit of the bank for one year for three consecutive years and the proposed dividend rate in 2021 is 5% or more p align = “center” prepared by Ren Shibi
