Zheng Quan Ri Bao·2025-12-09 15:53Group 1 - The core viewpoint of the articles highlights the increasing trend of mid-term dividends among listed securities firms in response to policies encouraging multiple dividends within a year, with a total of 23 firms distributing cash dividends amounting to 10.683 billion yuan as of December 9 [1][2] - Guosen Securities announced a cash dividend of 1 yuan per 10 shares, totaling 1.024 billion yuan, as part of its profit distribution plan for the first three quarters [1] - The total proposed mid-term dividends from 14 additional firms awaiting implementation amounts to 11.133 billion yuan, with CITIC Securities leading with a proposed dividend of 4.298 billion yuan [1][2] Group 2 - The overall mid-term dividend amount for listed securities firms in 2024 is projected to reach 14.947 billion yuan, indicating a significant increase compared to the previous year [2] - Many firms are not only implementing semi-annual dividends but are also planning quarterly dividends, reflecting a robust performance in the capital market [2] - The proportion of mid-term dividends relative to net profit for several firms exceeds 30%, demonstrating a strong commitment to shareholder returns [2] Group 3 - The determination of dividend ratios by securities firms is influenced by their development stage, operational characteristics, profitability sustainability, and debt repayment capacity, ensuring alignment with long-term growth [3] - A sustainable dividend policy is fundamentally based on sustainable profitability and growth, necessitating firms to optimize their business structure and enhance operational quality [3]