Xin Lang Cai Jing·2025-07-31 00:28Core Viewpoint - The total cash dividends distributed by 42 A-share listed banks for the year 2024 reached 632.59 billion yuan, marking a year-on-year increase of 3.14% and setting a historical record [1] Group 1: Dividend Distribution Overview - The total cash dividends from state-owned banks amounted to 420.64 billion yuan, accounting for 66.49% of the total dividends distributed by A-share listed banks [2] - The highest dividend payout ratio among state-owned banks was 30.07% for the Bank of Communications, while the highest among joint-stock banks was 33.99% for China Merchants Bank [1][2] - The dividend distribution timeline for 2024 was earlier than in previous years, with several banks completing their distributions in April [1] Group 2: Individual Bank Performance - Industrial and Commercial Bank of China (ICBC) and China Construction Bank (CCB) each distributed over 100 billion yuan in dividends, with amounts of 109.77 billion yuan and 100.75 billion yuan respectively [2][3] - China Merchants Bank led the joint-stock banks with a total dividend of 50.44 billion yuan and a payout ratio of 35.32% [4][5] - Several joint-stock banks, including Industrial Bank and CITIC Bank, also reported dividends exceeding 100 billion yuan [4] Group 3: Regional and Local Banks - Jiangsu Bank led local banks with a total dividend of 9.55 billion yuan, while other regional banks like Shanghai Bank and Beijing Bank also exceeded 5 billion yuan in dividends [6][7] - The highest dividend payout ratio among local banks was 33.91% for Shanghai Rural Commercial Bank [7] Group 4: Future Dividend Plans - Many banks have announced plans for mid-term dividends for 2025, enhancing investor returns [8][9] - The new regulatory guidelines encourage companies to develop and disclose mid-term dividend plans, with nearly half of A-share listed banks already implementing such plans [9] Group 5: Shareholder Engagement and Stock Buybacks - Several banks have initiated stock buyback plans, with Shanghai Bank's executives purchasing shares worth over 4.6 million yuan [10] - Major shareholders of various banks, including Postal Savings Bank and Everbright Bank, have also engaged in significant share buybacks [11]