Sou Hu Cai Jing·2025-08-09 04:52Core Viewpoint - The introduction of new cash dividend regulations and policies in China has led to a significant increase in cash dividends among listed companies, marking a new phase of "return-focused" capital markets aimed at enhancing investor returns [3][4]. Summary by Categories Cash Dividend Rankings - The 2025 cash dividend rankings for listed companies in China will be based on objective cash dividend data, considering multiple factors to form three lists: total cash dividends, dividend payout ratio, and dividend yield, each featuring 100 companies [3]. - The rankings emphasize compliance and integrity, with non-compliant companies facing disqualification [3]. Dividend Trends - In 2024, the total cash dividends from A-share listed companies reached a record high of 2.4 trillion yuan, representing a 9% increase from 2023 [4]. - The number of companies consistently paying dividends has increased, with 2,447 out of 4,445 companies listed for over three years having paid dividends for three consecutive years, a 12% increase from the previous year [4]. Investor Returns - A total of 466 A-share listed companies had an average dividend yield exceeding 3% over the past three years, with 133 companies exceeding 5% [5]. - The average dividend payout ratio for A-share listed companies in 2024 was 39%, with 1,411 companies maintaining an average payout ratio above 40%, a 24% increase from 2023 [5]. Notable Companies - Nine companies distributed over 50 billion yuan in cash dividends in 2024, including major banks such as Industrial and Commercial Bank of China and China Construction Bank, as well as companies like China Petroleum and Kweichow Moutai [4]. - The rankings for cash dividends, payout ratios, and yields include various prominent companies, reflecting a diverse range of sectors [6][9][10].