The A-share market has set a new dividend record again.
According to the statistics of securities times · databao, as of the press time, 3128 listed companies have disclosed dividend plans (including the completion of implementation and the plan of the board of directors), with a total dividend amount of 1648212 billion yuan, an increase of 14.15% over last year, breaking the historical record again, and the total dividend amount exceeded trillion yuan for the fifth consecutive year. It is foreseeable that after the disclosure of all annual reports, the dividend in 2021 is expected to reach a new height.
From the perspective of the industry, the banking sector continues to maintain large dividends, and 34 shares have disclosed the dividend plan, ranking first with the total dividend of 529.77 billion yuan, accounting for nearly one-third. Others include non bank finance, mining and chemical industry, with a total dividend of more than 100 billion yuan.
25 shares with dividend amount exceeding 10 billion yuan
As an important way for listed companies to give back to investors, dividend has attracted more and more attention of A-share long-term investors in recent years. According to the statistics of databao, at present, 204 shares have paid dividends of more than 1 billion yuan, 20 more than that in 2020, of which 25 shares have paid dividends of more than 10 billion yuan
According to the total dividends, the top four companies are in the banking sector Industrial And Commercial Bank Of China Limited(601398) became the first stock in the history of A-Shares with a dividend amount of more than 100 billion yuan. The dividend amount in the 2021 annual report is expected to be 104534 billion yuan. Others include China Construction Bank Corporation(601939) , Agricultural Bank Of China Limited(601288) , Bank Of China Limited(601988) with the highest dividend amount of 91.004 billion yuan, 72.376 billion yuan and 65.06 billion yuan respectively. The top bank stocks generally have a high dividend rate, and the total dividend amount of the current period accounts for more than 30% of the net profit attributable to the parent company.
In terms of the nature of the companies with the highest dividend amount, most of the 25 listed companies with an expected dividend of more than 10 billion yuan are industry leaders, half of which are financial listed companies, and others include China Mobile, the leader in the communication sector, and the leader in Baijiu Kweichow Moutai Co.Ltd(600519) . In addition, this year, two stocks in the coal sector were shortlisted, including China Shenhua Energy Company Limited(601088) , Shanxi coal industry, indicating the improvement of the prosperity of the industry.
stable dividend and high repurchase list of individual shares released
Whether it can carry out long-term and stable dividend has become an important reference index to measure the dividend willingness and ability of listed companies. According to data treasure statistics, 1555 listed companies have paid dividends for five consecutive years, accounting for more than 30% of all a shares.
Among the individual stocks that continue to pay dividends, the large-scale repurchase of the company’s shares can better reflect the confidence of Listed Companies in the future development. 527 long-term dividend shares have bought back their own individual stocks since 2021. From the two dimensions of continuous dividends and high repurchase, only 34 stocks were in line with the two dimensions of total dividends exceeding 2 billion yuan and repurchase amount exceeding 200 million yuan in recent five years. Some stocks performed better in early trading, Luenmei Quantum Co.Ltd(600167) , Meihua Holdings Group Co.Ltd(600873) , Haier Smart Home Co.Ltd(600690) and other five stocks rose by more than 4%.
Luenmei Quantum Co.Ltd(600167) announcement shows that company’s cash dividend per share in this year is RMB 0.13, with a total dividend of RMB 294 million. Plus the cash expenditure of the company’s share repurchase in this year is about RMB 250 million , the overall dividend of the company in 2021 is RMB 544 million, and the total profit distribution accounts for 52.02% of the net profit attributable to the shareholders of the parent company. According to the commitment, the company will complete a large proportion of dividends for the second consecutive year to repay investors. Statistics show that the total dividend of the company in recent five years has reached 2.175 billion yuan.
In addition, according to the company’s annual report, the net cash flow from operating activities in Luenmei Quantum Co.Ltd(600167) 2021 was 1.7 billion yuan, a significant increase of 83.31% compared with 930 million yuan in the same period last year. It shows that the company’s basic business operation is stable and has achieved strict cash flow control. The company continues to maintain a high level of cash ratio. At the end of 2021, the monetary capital was 5.46 billion yuan, and at the end of the first quarter of 2022, the monetary capital reached 7.12 billion yuan, accounting for 46.8% of the total assets at the end of the same period.
Statistics show that the valuations of stocks with long-term dividends and large-scale repurchases are generally low. The latest rolling P / E ratio of 13 stocks is less than 15 times, and the valuations of Boe Technology Group Co.Ltd(000725) , Youngor Group Co.Ltd(600177) , Baoshan Iron & Steel Co.Ltd(600019) and Baoshan Iron & Steel Co.Ltd(600019) are the lowest, with 5.76 times, 5.97 times and 6.31 times respectively. Others include Luenmei Quantum Co.Ltd(600167) , Guangdong Tapai Group Co.Ltd(002233) , Ping An Insurance (Group) Company Of China Ltd(601318) .
