上市公司中期分红升温

Core Viewpoint - The trend of mid-term dividends is becoming mainstream among listed companies in China's A-share market, with an increasing number of companies announcing mid-term profit distribution plans, reflecting a growing focus on shareholder returns and investor confidence [1][2][4]. Group 1: Mid-term Dividend Trends - As of July 22, 329 listed companies in the A-share market have announced plans for mid-term dividends for 2025, indicating a shift towards more frequent dividend distributions [1]. - Companies like WoHua Pharmaceutical and JuZan Optoelectronics have proposed specific dividend plans, such as a cash dividend of 1.2 yuan per 10 shares and a stock dividend of 4.5 shares for every 10 shares, respectively [1][2]. - The reasons for these dividend announcements include "returning to investors" and "enhancing investor confidence," which have become key themes among companies [1][2]. Group 2: Investor Sentiment and Market Impact - The trend of multiple dividends per year is seen as a way to provide investors with more opportunities for low-cost accumulation of shares, making these stocks attractive [3]. - Institutions like Bosera Fund view frequent dividends as a means to boost investor confidence and attract long-term capital, such as insurance funds and pensions [3]. - Goldman Sachs predicts that by the end of 2025, Chinese listed companies will distribute 3 trillion yuan in dividends, a record high that is expected to attract more global investors and enhance company valuations [3]. Group 3: Policy Support and Regulatory Framework - The positive changes in dividend distribution are attributed to both companies' focus on value management and the ongoing policy support aimed at increasing dividend rates [4]. - The new "National Nine Articles" released last year emphasizes cash dividend regulation and encourages high-dividend companies, promoting trends like multiple dividends per year and pre-dividends [4]. - Experts suggest that optimizing dividend policies and simplifying procedures can further enhance the frequency and stability of dividends, aligning with companies' long-term development needs [5].