广发证券7.61亿元中期分红在即 吉林敖东对“减持建议”明确说“不”

Core Viewpoint - The announcement of a 761 million yuan interim dividend by GF Securities highlights the increasing shareholder return awareness within the brokerage industry, reflecting a broader trend among listed brokerages in China to enhance shareholder returns [2][3][7]. Group 1: Dividend Announcement - GF Securities has announced a cash dividend of 761 million yuan, with a record date of October 21 and payment date of October 22, distributing 1 yuan per 10 shares to shareholders [3]. - The total dividend represents 11.76% of the net profit attributable to the parent company for the first half of 2025 [3]. - The company has a total share capital of 7.606 billion shares, with 5.904 billion A-shares and 1.702 billion H-shares, necessitating different dividend distributions for A and H shareholders [3]. Group 2: Shareholder Structure - The three largest shareholders of GF Securities, Jilin Aodong, Liaoning Chengda, and Zhongshan Public Utilities, hold a combined 48% of the company's shares, benefiting significantly from the dividend [4][6]. - Jilin Aodong, the largest shareholder, has stated that GF Securities is a core asset, rejecting suggestions to reduce its stake [4][6]. Group 3: Industry Trends - A total of 28 out of 43 listed brokerages in A-shares have announced interim dividend plans for 2025, with a combined payout of approximately 18.8 billion yuan, marking a year-on-year increase of over 40% [2][7]. - Major brokerages such as CITIC Securities and Guotai Junan are leading in dividend payouts, with CITIC Securities proposing a dividend of 4.298 billion yuan [7]. - The introduction of new participants in the interim dividend scheme, including Shanxi Securities and Huaxi Securities, indicates a growing trend of dividend distribution among brokerages [7][8]. Group 4: Dividend Quality - The dividend payout ratio, a key indicator of dividend quality, has garnered attention, with six brokerages reporting ratios exceeding 30% [8]. - Dongwu Securities plans to increase its minimum annual cash distribution from 30% to 50% of distributable profits over the next three years, enhancing its commitment to shareholder returns [8].