多家上市公司首次中期分红 一年多次分红成常态

Core Viewpoint - The trend of interim dividends is expanding among listed companies, signaling strong operational performance and positive industry outlooks, with interim dividends becoming a new norm in shareholder returns [1][2][3] Group 1: Interim Dividend Announcements - Over 20 listed companies have recently announced their first interim dividend plans, with a total cash dividend of 153 million yuan proposed by Taihe Co., China Steel Tianyuan, and Juchip Technology [2] - Taihe Co. plans to distribute 90 million yuan, China Steel Tianyuan 45.23 million yuan, and Juchip Technology 17.42 million yuan, marking their first interim dividends with payout ratios of approximately 49%, 31%, and 19% respectively [2] - Major companies like CRRC, Hengli Petrochemical, and Changan Automobile have also introduced interim dividend plans, with CRRC proposing a total cash dividend of 3.157 billion yuan [2] Group 2: Market Trends and Implications - The trend of interim dividends reflects a maturing A-share market that increasingly emphasizes shareholder returns, showcasing the ability of core domestic assets to provide stable cash returns [3][4] - Approximately 400 companies have disclosed interim dividend plans, with a total proposed dividend amounting to around 180 billion yuan, indicating a robust dividend culture [4] - The banking sector shows a high interim dividend ratio, with 23 A-share listed banks planning to distribute over 250 billion yuan in dividends, attracting attention from investors seeking high dividend yields [4][5] Group 3: Policy and Future Outlook - The new "National Nine Articles" policy encourages stable, predictable dividends, promoting multiple distributions within a year [5][6] - A total of 3,720 companies distributed cash dividends in 2024, totaling approximately 2.4 trillion yuan, marking a record high and indicating a trend towards regular dividend distributions [5] - Companies are encouraged to adopt differentiated dividend strategies based on their industry and development stage, promoting higher dividends for mature and stable firms while allowing for reinvestment in innovative sectors [6]