Xin Lang Cai Jing·2026-01-14 11:11Core Viewpoint - The trend of mid-term dividends among A-share listed banks is expanding, with more banks announcing dividend plans, supported by policy guidance and stable operations [2][4][6]. Group 1: Dividend Announcements - Postal Savings Bank has completed its mid-term dividend distribution, with a payout of 0.1230 yuan per share, totaling 12.33 billion yuan [8]. - Jiangsu Bank plans to distribute a mid-term cash dividend of 3.309 yuan per 10 shares, amounting to 6.072 billion yuan, on January 14, 2026 [1][8]. - China Merchants Bank will distribute a cash dividend of 10.13 yuan per 10 shares, totaling approximately 25.548 billion yuan, on January 16, 2026, marking its first mid-term dividend since listing [3][8]. Group 2: Overall Dividend Trends - As of January 12, 2026, over half of the 42 A-share listed banks have implemented mid-term dividends for the 2025 fiscal year, with 30 banks disclosing plans that exceed a total dividend scale of 290 billion yuan [6][8]. - The six major state-owned banks are the main contributors to this mid-term dividend trend, with a total payout of 204.657 billion yuan, maintaining a dividend payout ratio of around 30% of net profit [7][8]. Group 3: Policy Influence - Recent policies have encouraged listed banks to optimize their dividend strategies, including simplifying mid-term dividend procedures and promoting more frequent distributions [3][4]. - The new "National Nine Articles" emphasizes increasing incentives for high-quality dividend-paying companies, aiming to enhance the stability and predictability of dividends [4]. Group 4: Market Implications - The proliferation of mid-term dividends is expected to boost investor confidence in bank stocks and foster a long-term value investment mindset [4][9]. - Analysts suggest that the current low-interest-rate environment combined with frequent dividends enhances the attractiveness of bank stocks, leading to increased interest from long-term investors [9].