2024年沪深A股上市公司现金分红2.4万亿元，增长9%！五大银行名列前茅

Core Viewpoint - The article emphasizes the importance of cash dividends for listed companies in China, highlighting a shift towards a "return-focused" capital market driven by new regulations and policies aimed at enhancing investor returns [3]. Group 1: Cash Dividend Rankings - The 2025 cash dividend rankings for listed companies are based on objective data, considering multiple factors to form three lists: total cash dividends, dividend payout ratio, and dividend yield, each featuring 100 companies [3]. - The rankings prioritize compliance and integrity, disqualifying companies with irregular dividend behaviors and emphasizing the need for continuous and stable dividends over a three to five-year evaluation period [3][4]. - The overall cash dividend amount for A-share listed companies reached a record high of 2.4 trillion yuan in 2024, marking a 9% increase from 2023 [4]. Group 2: Dividend Continuity and Stability - The number of companies consistently paying dividends has increased, with 2,447 out of 4,445 companies listed for over three years having paid dividends in the last three years, a 12% increase from 2023 [4]. - Among companies listed for over five years, 1,681 have paid dividends consistently over the last five years, a 6% increase from the previous year, with 210 companies showing continuous growth in dividends [4]. Group 3: Dividend Yield and Payout Ratio - A total of 466 companies have an average dividend yield exceeding 3% over the past three years, with 133 companies exceeding 5%, and the average yield for the top companies is 6.73%, significantly higher than some national bond yields [5]. - The average dividend payout ratio for A-share listed companies is 39%, with 1,411 companies maintaining a payout ratio above 40%, a 24% increase from 2023 [6]. - The increasing trend in dividends reflects a growing internal motivation among companies to provide predictable cash flow returns to investors, fostering a healthier capital market [6].