Zheng Quan Ri Bao Zhi Sheng·2025-08-11 16:39Core Viewpoint - The trend of significant mid-term dividends among A-share listed companies reflects their confidence in operational performance and commitment to shareholder returns, with a total proposed cash dividend amount exceeding 72 billion yuan [1][3]. Group 1: Dividend Announcements - As of August 11, 2025, 58 listed companies announced mid-term dividend plans, with 44 companies proposing cash dividends totaling over 720 billion yuan [1]. - China Mobile plans to distribute a mid-term dividend of 2.5025 yuan per share, amounting to approximately 540.83 billion yuan [2]. - Ningde Times intends to distribute 10.07 yuan per 10 shares, totaling around 45.73 billion yuan based on a profit distribution of 15% of its net profit [2]. - Cangge Mining plans to distribute 10.00 yuan per 10 shares, amounting to approximately 15.69 billion yuan [2]. Group 2: Rationale Behind Dividends - Companies emphasize that large dividends are based on their profitability and commitment to investor returns, with China Mobile highlighting the importance of cash flow and future development needs [3]. - The trend of significant dividends showcases the sustainable development capabilities of enterprises and sets a benchmark for "profitability equals return" [3]. Group 3: Trends in Dividend Distribution - The trend of multiple dividends per year has become significant, with 713 companies announcing dividend plans in 2024, a 289.62% increase from 2023 [4]. - As of August 11, 2025, 356 companies have disclosed dividend plans, continuing the trend of increased frequency in dividend distribution [4]. - Regulatory policies are encouraging companies to implement multiple dividends, enhancing the stability and predictability of returns [4]. Group 4: Market Implications - The shift towards multiple dividends reflects a refined shareholder return mechanism, aligning with the trend of investors focusing on dividend income rather than capital gains [5]. - The increase in dividends among large-cap companies and industry leaders is expected to enhance investor confidence and stabilize stock prices [5]. - The A-share market is transitioning from a focus on scale expansion to a dual emphasis on quality and returns, with cash dividends becoming a normalized practice [5].