2 1 Shi Ji Jing Ji Bao Dao·2025-06-17 12:57Core Viewpoint - The A-share market is witnessing an increase in mid-term dividend plans from various companies, reflecting improved operational conditions and a commitment to returning value to shareholders [2][4][6]. Company Dividend Plans - Companies such as Zhangjiang Hi-Tech, High-tech Development, and Upwind New Materials have announced plans to increase mid-term cash dividends in 2025, indicating a trend towards more frequent and higher dividend payouts [2][5]. - Over 200 listed companies have released announcements regarding their mid-term dividend plans for 2025, including conditions and maximum amounts for dividends [2][4]. Regulatory Environment - The new "National Nine Articles" policy emphasizes the importance of cash dividends and aims to enhance the stability and predictability of dividend payouts, encouraging companies to adopt more frequent dividend distributions [3][4]. - The China Securities Regulatory Commission has revised guidelines to increase the weight of cash dividends in company evaluations, promoting a culture of regular cash returns to investors [3][6]. Market Trends - In 2024, 985 listed companies in the Shanghai and Shenzhen markets announced mid-term dividends totaling 699.47 billion yuan, marking significant increases in both the number of companies and the total dividend amount compared to 2023 [4]. - The dividend yield for the CSI 300 index reached a historic high of 3.59%, indicating a growing trend of companies prioritizing shareholder returns [4]. High Dividend Companies - A total of 11 companies have announced cash dividends exceeding 10 billion yuan, with notable examples including Midea Group and CATL, which have substantial dividend payouts relative to their net profits [7][8]. - Companies maintaining high dividend rates, such as Oriental Yuhong and others with over 200% payout ratios, are increasingly viewed as attractive investment opportunities [8][9]. Investment Implications - Analysts suggest that companies with a consistent history of high dividends and returns are becoming more appealing to investors, reflecting a shift in focus from growth to quality and shareholder value [9].