中国化学：每股现金红利0.1元（含税），股权登记日：2026-1-29，除息除权日：2026-1-30，数据来源 《中国化学2025年半年度权益分派实施公告》；申万一级行业：建筑装饰，非红利低波 （H30269.CSI）成分股，非红利质量（931468.CSI）成分股。 众兴菌业：每10股派发现金红利1.50元（含税），股权登记日：2026-2-2，除息除权日：2026-2-3，数 据来源《众兴菌业：2025年前三季度分红派息实施公告》；申万一级行业：农林牧渔，非红利低波 （H30269.CSI）成分股，非红利质量（931468.CSI）成分股。 红利低波（H30269.CSI）指数，选取50只流动性好、连续分红、红利支付率适中、每股股息正增长以 及股息率高且波动率低的证券作为指数样本，采用股息率加权，截至1月26日，该指数近1年股息率为 4.60%；红利低波ETF华夏（159547）是跟踪该指数综合费率最低的ETF，每季度评估可分红，联接基 金A类021482；联接基金C类021483。 红利质量（931468.CSI）指数，选取50只连续现金分红、股利支付率较高且兼具较高盈利能力特征的上 市公司证券作为指 ...

Group 1 - The Low Volatility Dividend Index (H30269.CSI) includes 50 securities with good liquidity, continuous dividends, moderate payout ratios, positive growth in dividends per share, high dividend yields, and low volatility. As of January 16, the index has a one-year dividend yield of 4.81% [1] - The Low Volatility Dividend ETF (华夏, 159547) tracks this index and has the lowest comprehensive fee rate among ETFs. It evaluates dividends quarterly [1] - The Quality Dividend Index (931468.CSI) consists of 50 listed companies that provide continuous cash dividends, have high payout ratios, and exhibit strong profitability. As of January 16, this index has a one-year dividend yield of 3.51% [1] Group 2 - Huaxia Bank plans to distribute a cash dividend of 10 yuan (before tax) for every 10 shares, with the record date on January 22, 2026, and the ex-dividend date on January 23, 2026. It is a component of the Low Volatility Dividend Index but not part of the Quality Dividend Index [1] - Yuanli Co. will distribute a cash dividend of 1.00 yuan (before tax) for every 10 shares, with the record date on January 23, 2026, and the ex-dividend date on January 26, 2026. It is not part of either the Low Volatility Dividend Index or the Quality Dividend Index [2] - Hairong Cold Chain will distribute a cash dividend of 0.30 yuan (before tax) per share, with the record date on January 22, 2026, and the ex-dividend date on January 23, 2026. It is also not part of either the Low Volatility Dividend Index or the Quality Dividend Index [2]

Group 1 - The Low Volatility Dividend Index (H30269.CSI) includes 50 securities with good liquidity, continuous dividends, moderate payout ratios, positive growth in dividends per share, high dividend yields, and low volatility. As of January 14, the index has a one-year dividend yield of 4.57% [1] - The Low Volatility Dividend ETF (华夏 159547) is the ETF with the lowest comprehensive fee tracking this index, with quarterly evaluations for dividends. The linked funds are Class A (021482) and Class C (021483) [1] - The Dividend Quality Index (931468.CSI) consists of 50 listed companies that provide continuous cash dividends, have high payout ratios, and exhibit high profitability. As of January 14, this index has a one-year dividend yield of 3.49% [1] - The only ETF tracking the Dividend Quality Index is the Dividend Quality ETF (159758), with linked funds being Class A (016440), Class C (016441), and Class D (024263) [1] Group 2 - Chongqing Rural Commercial Bank (渝农商行) announced a cash dividend of RMB 0.20336 per share (tax included), with the record date on January 22, 2026, and the ex-dividend date on January 23, 2026. It is a component of the Low Volatility Dividend Index (H30269.CSI) but not part of the Dividend Quality Index (931468.CSI) [1] - Bojie Co., Ltd. (博杰股份) declared a cash dividend of RMB 0.940663 per 10 shares (tax included), with the record date on January 21, 2026, and the ex-dividend date on January 22, 2026. It is not included in either the Low Volatility Dividend Index (H30269.CSI) or the Dividend Quality Index (931468.CSI) [2]

Group 1 - The Low Volatility Dividend Index (H30269.CSI) selects 50 securities with good liquidity, continuous dividends, moderate payout ratios, positive growth in dividends per share, high dividend yields, and low volatility, with a dividend yield of 4.49% as of January 12 [1] - The Low Volatility Dividend ETF (华夏 159547) tracks this index and has the lowest comprehensive fee rate among ETFs, with quarterly evaluations for dividends [1] - The Quality Dividend Index (931468.CSI) includes 50 listed companies that consistently pay cash dividends, have high payout ratios, and exhibit strong profitability, with a dividend yield of 3.54% as of January 12 [1] Group 2 - The Quality Dividend ETF (159758) is the only ETF tracking the Quality Dividend Index, with associated funds including Class A (016440), Class C (016441), and Class D (024263) [1] - Iwubio announced a cash dividend of 1 yuan per 10 shares (tax included), with the record date on January 19, 2026, and the ex-dividend date on January 20, 2026 [1] - Aladdin declared a cash dividend of 0.07 yuan per share (tax included), with the record date on January 16, 2026, and the ex-dividend date on January 19, 2026 [2]

Group 1 - The Low Volatility Dividend Index (H30269.CSI) includes 50 securities with good liquidity, continuous dividends, moderate payout ratios, positive growth in dividends per share, high dividend yields, and low volatility, with a one-year dividend yield of 4.14% as of December 9 [1] - The Low Volatility Dividend ETF (159547) tracks this index and has the lowest comprehensive fee rate among ETFs, with quarterly assessments for dividends [1] - The Dividend Quality Index (931468.CSI) consists of 50 listed companies that provide continuous cash dividends, have high payout ratios, and exhibit strong profitability, with a one-year dividend yield of 3.49% as of December 9 [1] Group 2 - Zhongli Co., Ltd. announced a cash dividend of 0.25 CNY per share (tax included), with the record date on December 17, 2025, and the ex-dividend date on December 18, 2025 [2] - China Automotive Research announced a cash dividend of 0.10 CNY per share (tax included), with the record date on December 16, 2025, and the ex-dividend date on December 17, 2025 [2] - Longbai Group declared a cash dividend of 1.00 CNY for every 10 shares (tax included), with the record date on December 16, 2025, and the ex-dividend date on December 17, 2025 [2]

Group 1 - The core concept of dividend investing focuses on generating income through dividends rather than relying solely on capital gains from stock price increases, especially in volatile market conditions [1] - Dividend yield is a key metric for assessing the attractiveness of dividend-paying stocks, calculated as the total cash dividends divided by the total market value or as the dividend per share divided by the stock price [2][3] - High dividend payments do not necessarily equate to high dividend yields; the relationship depends on the stock price, which can affect the yield even if the dividend amount remains constant [4] Group 2 - Dividend yield serves as a critical threshold for selecting quality dividend investment targets, with strict criteria for inclusion in indices, ensuring that only companies with strong profitability and stable cash flows are considered [5] - The dividend yield of the low-volatility dividend index reached 4.08% as of November 6, 2025, indicating a higher yield compared to common broad-based indices in the A-share market [5][6] - Over a decade, the low-volatility dividend index has shown a cumulative price increase of 149.26%, with reinvested dividends contributing significantly to total returns, highlighting the importance of dividends in long-term investment strategies [8] Group 3 - The attractiveness of a dividend yield can be assessed relative to the risk-free rate, such as government bond yields, to determine if the current yield offers a favorable risk-reward profile [12] - As of November 6, 2025, the 10-year government bond yield was 1.81%, with a 2.28% difference between the low-volatility dividend index yield and the bond yield, suggesting a potentially attractive investment opportunity for long-term investors [12] - Dividend yield is crucial for long-term investment strategies, particularly for retirement planning, as it provides a stable and predictable income source while also serving as a buffer against market volatility [14]

Group 1 - The core viewpoint of the articles highlights the increasing interest in dividend-themed ETFs, particularly the low-volatility dividend ETF (512890), as a defensive investment strategy amid market uncertainty and profit-taking tendencies as the year-end approaches [1] - Since November, the technology sector has faced pressure, while dividend assets have attracted funds due to their lower volatility and higher profit certainty, making them a preferred choice for risk-averse investors [1] - The low-volatility dividend ETF (512890) has seen significant net inflows, attracting 1.055 billion yuan in November alone, and has become the only dividend-themed ETF in the A-share market with over 10 billion yuan in net inflows during this period [1] Group 2 - The latest scale of the low-volatility dividend ETF (512890) has risen to 25.987 billion yuan, making it the only dividend-themed ETF in the market with a scale exceeding 20 billion yuan [1] - The fund's popularity extends to its off-market connection fund, the Huatai-PB Low Volatility Dividend ETF Connection Y (022951), which reached a scale of 245 million yuan, marking a 440.36% increase compared to the end of 2024 [1] - The dividend yield of the low-volatility index remains attractive compared to the 10-year government bond yield, with the latest spread at 53.92%, indicating a favorable environment for long-term funds seeking enhanced returns [1] Group 3 - Huatai-PB Fund, as one of the first ETF managers in China, has over 19 years of experience in managing dividend-themed index investments, with a total management scale of 47.328 billion yuan across five dividend ETFs [2] - The "dividend family" includes various products such as the first low-volatility dividend ETF (512890) and the first dividend ETF (510880), showcasing a diverse strategy in the dividend investment space [2]

Core Viewpoint - The article discusses the performance of various low-volatility dividend indices and ETFs in the Hong Kong and Chinese markets, highlighting their returns compared to the Shanghai Composite Index. Group 1: Index Performance - The S&P Hong Kong Stock Connect Low Volatility Dividend Index has shown a return of 33.20% over the past year, outperforming the Shanghai Composite Index, which declined by 2.03% during the same period [3]. - The A500 Low Dividend Low Volatility ETF (159296) reported a return of 8.15% over the past year, while the Shanghai Composite Index had a return of -1.94% [3]. - The CSI 800 Low Dividend Low Volatility Index, tracked by the ETF (159355), achieved a return of 5.95% over the past year, again outperforming the Shanghai Composite Index [3]. Group 2: Volatility Metrics - The annualized volatility for the S&P Hong Kong Stock Connect Low Volatility Dividend Index is reported at 2.23%, indicating lower risk compared to the Shanghai Composite Index's annualized volatility of 12.03% [3]. - The A500 Low Dividend Low Volatility ETF has an annualized volatility of 9.89%, which is lower than the Shanghai Composite Index's volatility [3]. - The CSI 800 Low Dividend Low Volatility Index has an annualized volatility of 9.80%, also reflecting a lower risk profile compared to the Shanghai Composite Index [3].

Core Insights - The Ping An SSE Dividend Low Volatility Index C (020457) has shown strong performance, with a year-to-date maximum drawdown of 5.36% and a relative benchmark drawdown of 0.53% [4] - The index has achieved an annualized return of 10.60% over the past three months, outperforming its benchmark [4] - The fund has a management fee rate of 0.50% and a custody fee rate of 0.10%, totaling a fee rate of 0.60% [4] Fund Performance - As of July 25, 2025, the Ping An SSE Dividend Low Volatility Index C has a Sharpe ratio of 1.11 over the past year [4] - The fund has a historical one-year profit probability of 100.00% and an average monthly return of 3.94% [3][4] - The fund's longest consecutive monthly gain was two months, with a maximum monthly return of 11.12% [3] Fund Composition - The Ping An SSE Dividend Low Volatility Index C closely tracks the SSE Dividend Low Volatility Index, which selects 50 securities with good liquidity, continuous dividends, moderate dividend payout ratios, positive growth in earnings per share, and high dividend yields with low volatility [5] - As of June 30, 2025, the top ten holdings of the fund include COSCO Shipping Holdings, Chengdu Bank, Industrial Bank, Sichuan Road & Bridge, and Daqin Railway, accounting for a total weight of 17.41% [5][7] Capital Flow - As of July 25, 2025, the Ping An SSE Dividend Low Volatility Index has attracted a total of 9.61 billion yuan in capital over the past five trading days, with an average daily net inflow of 1.92 billion yuan [3] - The financing net purchase for the index reached 40.51 billion yuan over the past week, with a latest financing balance of 804.61 billion yuan [3] Market Position - The trading congestion level of the Ping An SSE Dividend Low Volatility Index C, as of July 25, 2025, is at the 19.28th percentile since its inception, indicating lower trading activity compared to 80.72% of its historical performance [3]

Group 1 - A total of 42 A-share listed banks announced a cumulative dividend payout of 647 billion yuan for the year 2024, with 23 of these being low-volatility dividend index constituents, accounting for 90.85% of the total dividend amount [1] - The first low-volatility dividend ETF (512890) has seen significant trading activity since July 11, with an average daily trading volume of 724 million yuan as of July 18 [1] - The low-volatility dividend ETF (512890) attracted a net inflow of 2.43 billion yuan over 10 consecutive trading days from July 7 to July 18, highlighting strong market interest [1] Group 2 - Since its establishment in late 2018, the low-volatility dividend ETF (512890) has achieved positive returns every year from 2019 to 2024, ranking first in its category over the past five years as of June 30 [2] - The linked funds of the low-volatility dividend ETF have over 829,800 holders, making it the only dividend-themed index fund with over 800,000 holders in the market [2] - The linked fund has distributed dividends for 22 consecutive months as of July 18, and its Y share (022951) is among the first index funds eligible for personal pension investments [2] Group 3 - Huatai-PineBridge Fund, one of the first ETF managers in China, has over 18 years of experience in dividend index investment and manages a total of 43.62 billion yuan in dividend-themed ETFs as of July 18 [3] - The company has developed a diverse range of dividend-themed ETFs, including the first dividend ETF (510880) and the first QDII mode high-dividend ETF (513530) [3]