五粮液：近五年公司累计实施现金分红768.48亿元

Core Viewpoint - Wuliangye (000858) emphasizes the importance of continuous production and operation to enhance investment value, highlighting its commitment to shareholder returns through increased dividends [1] Group 1: Dividend Policy - The company has implemented a total cash dividend of 76.848 billion yuan over the past five years, ranking among the top in the industry [1] - The annual dividend payout ratio has increased from 50% in 2020 to 70% in 2024 [1] - A shareholder return plan for 2024-2026 has been announced, committing to a minimum dividend payout ratio of 70% and a total dividend amount of no less than 20 billion yuan during this period, with regular mid-term dividends planned for 2024 and 2025 [1]