券商中国·2025-05-08 01:01Group 1 - The core viewpoint of the article highlights that listed securities firms are increasingly committed to shareholder returns, with a total of 387.4 billion yuan planned for year-end dividends in 2024, despite some firms opting out due to negative distributable profits [1][2][7] - Among the 42 listed securities firms, only Tianfeng Securities and Pacific Securities will not distribute dividends due to negative distributable profits, while 17 firms have a cash dividend ratio exceeding 40%, which is an increase from 2023 [1][2][8] - The total cash dividends for 2024 are projected to be higher than in 2023, with a total of 536.87 billion yuan distributed in mid-year and third-quarter dividends, leading to an overall increase of 128 billion yuan compared to the previous year [2][8] Group 2 - The top cash dividend amounts for 2024 are led by Guotai Junan with 49.23 billion yuan, followed by CITIC Securities with 41.50 billion yuan, and other firms like Guoxin Securities and Huatai Securities also contributing significant amounts [2][3] - A total of 27 firms plan to distribute between 100 million to 1 billion yuan, while 6 firms will distribute over 3 billion yuan, indicating a robust dividend distribution strategy among the majority of firms [2][3] - The cash dividend ratio for several firms remains high, with notable mentions including Guolian Minsheng at 80%, Hongta Securities at 64%, and Southwest Securities at 62%, despite some firms experiencing declines in net profit [3][6] Group 3 - The trend of increasing dividend frequency is evident, with 33 firms planning to distribute dividends two or more times in 2024, compared to only one firm in 2023 [8][9] - A total of 29 firms have maintained a cash dividend ratio of 30% or more over the past three years, showcasing a commitment to consistent shareholder returns [8][9] - The average dividend yield among 40 listed securities firms is 1.63%, with only a few firms exceeding a 3% yield, indicating that while dividends are increasing, the sector may not yet be classified as a high-dividend sector [10] Group 4 - Companies are focusing on balancing strategic development, performance growth, and shareholder returns, with management emphasizing the importance of investor relations and consistent cash dividends as part of their market value management strategies [11][10] - Specific measures to enhance investor confidence include encouraging long-term shareholding by major shareholders, implementing share buybacks, and utilizing employee stock ownership plans to boost company value [11]