Listed companies with a high proportion of cash dividends
A-share listed companies pay more and more attention to returning investors with “real gold and silver”. Data show that as of press time on the 13th, more than 1200 A-share listed companies have disclosed dividend plans, with a total cash dividend of more than trillion yuan, including 10 billion cash “red envelopes”. In recent years, the awareness of listed companies to repay investors has been continuously strengthened, and the cumulative cash dividend in the last three years has been 4.4 trillion yuan.
more than ten companies with dividends of more than 10 billion
According to the data, as of press time, 1556 A-share listed companies have disclosed their annual reports, 1217 of which have disclosed their profit distribution plans, 1211 of which intend to pay cash dividends. At present, 57 companies have completed equity distribution.
From the perspective of dividend amount, listed banks are lavish. Large state-owned banks are still the main force of dividends, and the total amount of cash dividends of the six major state-owned banks exceeds 380billion yuan. Among them, the cash dividend of Industrial And Commercial Bank Of China Limited(601398) 2021 exceeded 100 billion yuan for the first time. The announcement of the bank’s profit distribution plan in 2021 shows that the cash dividend is based on 356406 billion ordinary shares, and RMB 2933 (tax included) is distributed for every 10 shares. The total cash dividend to ordinary shares is 104534 billion yuan, an increase of 9.73 billion yuan over the previous year, accounting for 30.0% of the net profit attributable to shareholders of the parent company China Construction Bank Corporation(601939) profit distribution plan shows that the 2021 cash dividend of RMB 0.364 per share (including tax) will be distributed to all ordinary shareholders (shareholders listed in the register of shareholders after the closing of the market on July 7, 2022), with a total cash dividend of RMB 91.004 billion. In addition, the cash dividends of Agricultural Bank Of China Limited(601288) , Bank Of China Limited(601988) , Bank Of Communications Co.Ltd(601328) and Postal Savings Bank Of China Co.Ltd(601658) in 2021 were 72.376 billion yuan, 65.06 billion yuan, 26.363 billion yuan and 22.856 billion yuan respectively. Among the joint-stock banks, China Merchants Bank Co.Ltd(600036) plans to distribute cash dividends of about 38.385 billion yuan, with the proportion of cash dividends of 33.00% in 2021, Industrial Bank Co.Ltd(601166) , China Citic Bank Corporation Limited(601998) , China Everbright Bank Company Limited Co.Ltd(601818) respectively 21.501 billion yuan, 14.778 billion yuan and 10.86 billion yuan. In addition, the cash dividends of China Shenhua Energy Company Limited(601088) , China Petroleum & Chemical Corporation(600028) , Kweichow Moutai Co.Ltd(600519) and other companies also exceeded 10 billion yuan.
In terms of cash distribution per share, Kweichow Moutai Co.Ltd(600519) currently ranks first. Based on the total share capital of 1.256 billion shares at the end of 2021, the company plans to distribute cash dividends of 216.75 yuan for every 10 shares to all shareholders of the company, with a total profit of 27.228 billion yuan G-Bits Network Technology(Xiamen)Co.Ltd(603444) and Sino Biological Inc(301047) also pay cash of 100 yuan or more for every 10 shares G-Bits Network Technology(Xiamen)Co.Ltd(603444) plans to distribute cash dividend of 160.00 yuan to all shareholders for every 10 shares, and 1.15 billion yuan, accounting for 78.30% of the net profit attributable to the shareholders of the parent company in the consolidated statement of 2021 Sino Biological Inc(301047) has completed the cash dividend and the conversion of capital reserve into share capital. The company’s annual dividend implementation plan for 2021 announced in late March shows that with 68 million share capital as the base, the company will distribute cash dividends of 100 yuan (including tax and 90 yuan after tax) to all shareholders for every 10 shares, with a total amount of 680 million yuan.
From the perspective of cash dividend ratio, 32 companies have cash dividends that are more than 100% out of 32 companies. Cash dividends from 32 companies are more than 100% out of the cash dividend ratio. Of which, the China Baoan Group Co.Ltd(000009) 6 , Chongqing Qin’An M&E Plc(603758) and other eight companies have cash dividend ratios of more than 200%.
three year cash dividend of more than 4 trillion
In recent years, regulators have continued to strengthen system construction and strengthen the decision-making mechanism and information disclosure requirements of cash dividends.
Yi Huiman, chairman of the CSRC, said at the third member congress of the China Association of listed companies a few days ago that listed companies should strive to improve “five abilities” and move towards a new stage of high-quality development, which mentioned that they should focus on efficiency and improve their ability to return. He pointed out that the improvement of the quality of listed companies should ultimately be reflected in the ability of value creation and value distribution. Listed companies should continue to enhance returns to shareholders and enhance investors’ sense of gain through cash dividends, share buybacks and other means. At the same time, we should also pay more attention to the demands of other stakeholders, strive to build a better development platform for employees, create better products for customers, provide more solid performance guarantee for creditors, contribute more taxes to the country, leave a better ecological environment for the people, and achieve higher quality development in the benign interaction with society. The CSRC will continue to strengthen investor protection, further guide listed companies to return investors with “real gold and silver”, actively respond to the demands of stakeholders, better fulfill social responsibilities and set an example in practicing the new development concept.
The notice on further supporting the healthy development of listed companies jointly issued by CSRC, SASAC and all China Federation of industry and commerce this week also proposes to support listed companies to increase the proportion of cash dividends in profit distribution in combination with the characteristics, development stage and profitability of the company’s industry, share development Dividends with investors and enhance the sense of gain of investors.
Driven by policy guidance and supervision, the awareness of listed companies to repay investors has been continuously strengthened, and positive progress has been made in cash dividends. Data show that listed companies have accumulated cash dividends of 4.4 trillion yuan in the past three years, an increase of nearly 50% over the previous three years. In addition, according to the data, in 2019, 2792 A-share companies disclosed annual profit distribution plans, including 2766 cash dividends and 382 transfers; In 2020, 3073 companies disclosed their annual profit distribution plans, including 3058 cash dividends and 401 transfers.
Some industry experts said that with the growth and development of listed companies, it is the responsibility and obligation of listed companies to give investors a reasonable return on investment and provide investors with opportunities to share the fruits of economic growth. Cash dividend is not only an important form to realize the return on investment, but also an important way to cultivate the long-term investment concept of the capital market and enhance the vitality and attraction of the capital market.
