Mei Ri Jing Ji Xin Wen·2025-06-10 02:30Core Viewpoint - The Hongli State-owned Enterprise ETF (510720) announced its 14th dividend distribution, with a payout of 0.034 yuan per 10 fund shares, representing a distribution ratio of 0.35% [1][2]. Fund Information - The fund is managed by Guotai Asset Management Co., Ltd. and is set to distribute dividends on June 18, 2025, with the record date being June 12, 2025 [2][3]. - This distribution marks the sixth dividend for the fiscal year 2025 [2]. Dividend Distribution Mechanism - The Hongli State-owned Enterprise ETF is one of the first ETFs to implement a "monthly assessment dividend" mechanism, allowing for monthly evaluations and distributions if conditions are met [4]. - The cash dividend format is designed to provide a clear realization of returns for investors, enhancing their investment experience [4]. Market Context - A total of 3,750 out of 5,411 listed companies in A-shares plan to distribute cash dividends, amounting to a total of 2.39 trillion yuan, indicating a strong trend in dividend payouts [6]. - The current economic environment, characterized by insufficient domestic demand, is expected to favor value-oriented investment styles, with dividends becoming a key investment theme [6]. Dividend Yield Comparison - The dividend yield of the Hongli State-owned Enterprise Index is approximately 7%, significantly higher than current bank deposit rates, making it an attractive option for wealth allocation [9][10]. - Various indices show competitive dividend yields, with the Shanghai State-owned Enterprise Dividend Index at 6.74% and other indices ranging from 5.30% to 6.36% [10]. Performance During Market Volatility - In periods of market volatility, dividend strategies tend to outperform, providing a buffer against market downturns [13]. - Historical data indicates that during market adjustments from December 10, 2021, to September 23, 2024, the Hongli State-owned Enterprise Index achieved a return of 20.63%, outperforming major indices like the CSI 300 and Shanghai Composite Index [13][14].