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A股分红再创新高，现金流ETF、红利国企ETF本月又分红了！
Mei Ri Jing Ji Xin Wen·2025-05-09 03:30

Group 1 - The core viewpoint of the articles highlights a significant increase in cash dividends among A-share listed companies for the 2024 fiscal year, driven by new policies such as the "National Nine Articles," resulting in a record total dividend amount of nearly 2.39 trillion yuan, a year-on-year growth of over 7% [1][2] - Nearly 70% of the over 5,400 listed companies that disclosed their 2024 annual reports announced dividends, indicating a strong trend in dividend distribution [1][2] - State-owned enterprises, particularly "central enterprises," are identified as the main contributors to this dividend wave, with nearly 1,000 state-owned companies collectively distributing 1.5 trillion yuan, accounting for over 60% of the total market dividends [2] Group 2 - The cash flow ETFs, specifically the Cash Flow ETF (159399) and the Dividend State-Owned Enterprise ETF (510720), are also significant players in this dividend distribution, with the Cash Flow ETF announcing its third dividend since inception and the Dividend ETF having distributed dividends for 13 consecutive months [1][3] - The Cash Flow ETF focuses on large and mid-cap stocks, with over 60% of its holdings in central state-owned enterprises, reflecting a strategy that emphasizes companies with strong free cash flow, which is essential for dividends and buybacks [3][5] - The FTSE China A-Share Free Cash Flow Focus Index, which the Cash Flow ETF tracks, has shown an annualized return of approximately 20% over the past decade, outperforming the CSI Dividend Index, which has an annualized return of 13.6% [3][5] Group 3 - The current global trade tensions and complex geopolitical situations are leading to increased risk aversion among investors, making assets that generate stable cash flow more attractive in uncertain times [6] - The emphasis on dividends and buybacks among listed companies is expected to continue, with "large and mid-cap + central state-owned enterprises + abundant cash flow" likely becoming a key investment theme moving forward [7]