红利国企ETF（510720）近10日净流入近3.7亿元，把握连续分红19个月的红利国企ETF布局机会

Core Viewpoint - The performance of dividend stocks in 2026 is expected to outperform that of 2025, with the dividend logic remaining effective in a low-interest-rate environment [1] Group 1: Dividend Stocks Outlook - The difference between the dividend yield of the CSI Dividend Index and the 10-year government bond yield remains at a high level since 2018, indicating a significant substitution effect of dividend stocks over pure bonds [1] - The pressure on dividend stocks in 2025 is mainly due to fluctuations in pure bond rates and the strong performance of the technology sector, but these factors may change in 2026 [1] - Expectations of monetary easing may push the interest rate center down, while increased volatility in the technology sector could enhance the demand for dividend stocks [1] Group 2: Corporate Dividend Policies - The willingness of listed companies to distribute dividends continues to rise, and under the guidance of the "New National Nine Articles" policy, the dividend payout ratio is expected to remain high, further consolidating the value of dividend assets [1] Group 3: ETF and Index Information - The Dividend State-Owned Enterprise ETF (510720) tracks the State-Owned Dividend Index (000151), which selects stocks with high dividend characteristics, stable dividend payments, and good liquidity, primarily covering traditional sectors such as finance, energy, and industry [1]