Stocks with continuously high dividend yield show very strong resistance to decline.
Shanxi Zhendong Pharmaceutical Co.Ltd(300158) 30 evening released the annual report that the operating revenue will reach 5.094 billion yuan in 2021, with a year-on-year increase of 5.07%; The net profit was 2.617 billion yuan, a year-on-year increase of 898.92%; The basic earnings per share is 2.55 yuan company plans to distribute a dividend of 27 yuan (including tax) for every 10 shares and cash of 2.7 yuan per share, which is close to 33% compared with the closing price of 8.19 yuan / share at the end of last year
Affected by this news, Shanxi Zhendong Pharmaceutical Co.Ltd(300158) opened sharply higher this morning. As of the morning closing, the stock rose 20.04%, a record high. In addition to Shanxi Zhendong Pharmaceutical Co.Ltd(300158) , more than 900 companies have disclosed cash distribution plans this year, Bengang Steel Plates Co.Ltd(000761) , Ningbo Huaxiang Electronic Co.Ltd(002048) , Chongqing Department Store Co.Ltd(600729) , and nearly 200 individual stocks have a dividend yield of more than 3%. From the dividend situation in 2019, more than 30 stocks are expected to maintain a dividend rate of more than 3% for three consecutive years.
900 companies paid out more than 1.1 trillion in cash
According to the statistics of securities times · databao, as of March 31, 900 companies have launched cash distribution schemes, with a total cash distribution amount of more than 1.1 trillion yuan . The range distribution of cash distribution shows that there are 20 companies with cash distribution of more than 10 billion yuan; There are 97 companies with cash dividends ranging from 1 billion yuan to 10 billion yuan; There are 339 companies with cash distributions ranging from 100 million yuan to 1 billion yuan.
The highest total cash distribution is Industrial And Commercial Bank Of China Limited(601398) . The company’s distribution plan for 2021 is RMB 2933 million (tax included), with a total cash distribution of 104534 billion yuan. From the performance, the company achieved a net profit of 348338 billion yuan last year, an increase of 10.27% year-on-year; Followed by China Construction Bank Corporation(601939) , with a total cash out of 91.004 billion yuan. Last year, the company achieved a net profit of 302513 billion yuan, an increase of 11.61% year-on-year Agricultural Bank Of China Limited(601288) cash out amount of 72.376 billion yuan, ranking third in the cash out list.
Among the cash dividend companies, 45 companies pay cash of more than 10 yuan per 10 shares, and the highest cash dividend per 10 shares is Kweichow Moutai Co.Ltd(600519) , and the company plans to pay cash of 216.75 yuan per 10 shares; The second is Sino Biological Inc(301047) , Chongqing Department Store Co.Ltd(600729) etc., with cash distributions of 100 yuan and 37.9 yuan for every 10 shares respectively. The distribution of cash distribution rate shows that there are 26 companies whose cash distribution amount exceeds the net profit in 2021, including Shandong Longji Machinery Co.Ltd(002363) , Cssc Offshore & Marine Engineering (Group) Company Limited(600685) , China Oilfield Services Limited(601808) , 129 companies whose cash distribution rate is more than 50% and 313 companies whose cash distribution rate is 30% ~ 50%.
58 shares with high dividend yield for 3 consecutive years
Based on the cash dividend per share in 2021 and the closing price at the end of the year, it is found that among the companies that have announced the cash dividend plan, 136 companies have a dividend rate of more than 3% Shanxi Zhendong Pharmaceutical Co.Ltd(300158) has the highest dividend rate, followed by Chongqing Department Store Co.Ltd(600729) , the company achieved a net profit of 980 million yuan in 2021, a year-on-year decrease of 6.68%, the distribution plan is 10 dividends of 37.9 yuan (including tax), and the dividend rate is 14.57%; Bengang Steel Plates Co.Ltd(000761) , Fangda Special Steel Technology Co.Ltd(600507) , China Shenhua Energy Company Limited(601088) and others with higher dividend yield, with dividend yield of 14.29%, 14.23% and 11.28% respectively.
Among the companies with a dividend yield of more than 3%, from the perspective of industry attributes, banking, transportation, construction materials and other industries have the most companies on the list, with 17, 15 and 9 companies on the list respectively. According to the statistics of sector distribution, there are 135 main board Companies in Shenzhen and Shanghai and one gem company.
High dividend yield is an important indicator for listed companies to attract long-term investors. Generally speaking, paying attention to a company’s dividend yield depends not only on one year, but also on its sustainability. According to the statistics of data treasure, there are 58 companies with dividend yield of more than 3% in the past three years.
slow bull stock concentration camp, 7 shares of social insurance assets
Some people doubt that the high dividend of high score red will eventually be ex dividend and tax deduction, which will lose its significance, but for long-term investors, the continuous high dividend is of great significance. First, it means that the enterprise has a certain profitability and earns real gold and silver at the same time, rather than paper profits. The probability of thunderstorm of the company is small and has a high safety margin; Second, the annual dividend and ex dividend will reduce the stock price. Even if the company’s profit and stock price remain stable throughout the year, the P / E ratio will decrease year by year, the company’s valuation is decreasing, and the shareholder return will be higher and higher.
Stocks with sustained high dividend yield can not only return investors quickly, but also have significant resistance to decline in weakness. Data show that 58 High Dividend Stocks increased by more than 4% on average during the year, far outperforming the market in the same period. In the long run, such stocks tend to become concentration camps for slow bull stocks. In terms of individual stocks, China Shenhua Energy Company Limited(601088) , Anhui Expressway Company Limited(600012) , Shandong Hi-Speed Company Limited(600350) , Guangdong Provincial Expressway Development Co.Ltd(000429) and many other individual stocks have remarkable slow bull characteristics.
Generally speaking, this kind of stock has entered a mature period, without too high growth, and the industry pattern and profitability are stable, which largely determines its trend to resist decline and slow down. This has also been endorsed by sound institutional investors, such as social insurance funds.
According to the data, among the 58 High Dividend Stocks, 14 are social security stocks and 18 are insurance stocks. Among them, China guoshenhua, Nanjing Iron & Steel Co.Ltd(600282) , Shandong Hi-Speed Company Limited(600350) , China Petroleum & Chemical Corporation(600028) , Agricultural Bank Of China Limited(601288) , Industrial And Commercial Bank Of China Limited(601398) , Henan Shuanghui Investment & Development Co.Ltd(000895) and other stocks are heavy positions of social insurance funds at the same time. Since the beginning of this year, the above-mentioned individual stocks have also been increased by northward funds, with a total reference amount of nearly 10 billion yuan, and the holdings of Industrial Bank Co.Ltd(601166) , Postal Savings Bank Of China Co.Ltd(601658) , Bank Of Communications Co.Ltd(601328) , Anhui Conch Cement Company Limited(600585) and other individual stocks have increased by more than 1 billion yuan.
