Zhong Guo Zheng Quan Bao·2025-09-20 14:13Core Viewpoint - The announcement of cash dividends by several banks, including Hu Nong Commercial Bank and Changsha Bank, indicates a growing trend of mid-term dividends among listed banks in China, reflecting their stable profitability and commitment to shareholder returns [1][2][3]. Group 1: Dividend Announcements - Hu Nong Commercial Bank plans to distribute a cash dividend of 0.241 yuan per share, totaling 2.324 billion yuan, with the payment date set for September 26 [1][2]. - Changsha Bank will also distribute a cash dividend of 0.20 yuan per share, amounting to 804 million yuan, marking its first mid-term dividend since its listing [2][3]. - Other banks, such as CCB and Minsheng Bank, have also announced mid-term dividends, contributing to a broader trend in the banking sector [2][3]. Group 2: Mid-term Dividend Trends - A total of 17 out of 42 A-share listed banks have disclosed dividend plans, with seven banks, including Changsha Bank and Ningbo Bank, implementing mid-term dividends for the first time [3]. - The six major state-owned banks are leading the mid-term dividend initiative, with a combined proposed amount exceeding 200 billion yuan [3]. - Industrial and Commercial Bank of China (ICBC) plans to distribute approximately 50.396 billion yuan, maintaining its position as the highest cash dividend payer among listed companies [3]. Group 3: Analyst Insights - Analysts suggest that the stable profitability of banks supports the continuation of high dividend payouts, with the proportion of freely distributable dividends expected to reach 46% of net profits in 2025 [4]. - The implementation of new capital management regulations is anticipated to slow down capital consumption in commercial banks, further enhancing their capacity for dividend distribution [4].