Jin Rong Shi Bao·2025-09-02 07:36Core Viewpoint - The recent announcements of interim dividend plans by A-share listed banks highlight a significant trend towards enhancing shareholder returns, with major state-owned banks leading the way in dividend payouts exceeding 200 billion yuan in total [1][4]. Group 1: State-Owned Banks - Six major state-owned banks have announced their interim dividend plans for 2025, with a total proposed payout exceeding 200 billion yuan [1]. - Industrial and Commercial Bank of China (ICBC) leads with a proposed dividend of 1.414 yuan per 10 shares, totaling 503.96 billion yuan [1]. - Other state-owned banks, including Agricultural Bank of China, Bank of China, China Construction Bank, Bank of Communications, and Postal Savings Bank, have also outlined their respective dividend amounts [1]. Group 2: Joint-Stock Banks - China Merchants Bank, known as the "King of Retail," has announced its first interim profit distribution plan since its listing, proposing a cash dividend of 35% of its net profit attributable to ordinary shareholders for the first half of 2025 [2]. - Citic Bank plans to increase its interim dividend payout ratio to 30.7%, aiming to enhance investor returns and market confidence [2]. - Other joint-stock banks, including Ping An Bank, Minsheng Bank, and Huaxia Bank, have also confirmed their interim dividend plans with specific payout amounts [2]. Group 3: New Participants in Interim Dividends - Several banks, such as Changshu Bank, Ningbo Bank, and Su Nong Bank, have joined the ranks of those announcing interim dividends for the first time [3]. - Su Nong Bank plans to distribute 0.9 yuan per 10 shares, totaling 1.82 million yuan, marking its inaugural interim dividend [3]. - The focus on interim dividends is seen as a strategy to enhance shareholder satisfaction and align with regulatory expectations [3]. Group 4: Market Trends and Regulatory Influence - The introduction of the "National Nine Articles" has encouraged listed companies to adopt more frequent dividend distributions, with 23 A-share listed banks implementing interim dividends in 2024, totaling over 250 billion yuan [4]. - The trend towards interim dividends is viewed as a means to improve the stability and sustainability of dividend payouts, enhancing liquidity and cash flow certainty for investors [4][5]. - Analysts suggest that the shift towards interim dividends reflects a robust operational foundation and a commitment to shareholder returns, positively influencing market sentiment [5].