Group 1 - The investment logic in the dividend sector is shifting from style-driven to stock-driven, with high-quality stocks continuing to attract specific style funds [1] - Since the beginning of the year, dividend stocks have frequently been targeted by insurance companies and AMCs, indicating a growing allocation of medium to long-term funds towards high dividend sectors [1] - Long-term focus should be on high-quality individual stocks with stable dividend rates and ROE characteristics, which will continue to attract fund allocation [1] Group 2 - The dividend state-owned enterprise ETF (510720) tracks the State-Owned Enterprise Dividend Index (000151), which selects 30 stocks from state-owned enterprises listed on the Shanghai Stock Exchange that have high cash dividend yields, stable dividends, and certain scale and liquidity [1] - The index is weighted by dividend yield and emphasizes sectors such as finance and energy [1] - Investors without stock accounts can consider the GT Fund's linked ETFs for state-owned enterprise dividends, specifically GT SSE State-Owned Enterprise Dividend ETF Initiated Link A (021701) and GT SSE State-Owned Enterprise Dividend ETF Initiated Link C (021702) [1]

Core Viewpoint - The China Securities Dividend ETF (515080) announced its second dividend distribution for the year, marking its 13th distribution since its inception, with a dividend yield of 0.99% for this quarter [1][2]. Dividend Details - The ETF will distribute 0.15 yuan per ten shares, with a net asset value of 1.5225 yuan on the record date [2]. - Cumulatively, the ETF has distributed a total of 3.5 yuan per ten shares since its launch [2]. Historical Dividend Performance - Over the past five years, the ETF has maintained a stable and consistent dividend distribution rhythm, with annual dividend yields of 4.53%, 4.14%, 4.19%, 4.78%, and 4.66% from 2020 to 2024 [3]. - The total dividends distributed since inception amount to 0.35 yuan per ten shares [3]. Dividend Distribution Schedule - Key dates for the current dividend distribution include: - Profit distribution base date: May 30 - Dividend rights registration date: June 16 - Ex-dividend date: June 17 - Cash dividend payment date: June 20 [5]. Market Insights - June is identified as a critical period for dividend distributions in the A-share market, with high dividend stocks becoming a focus for fund allocation [6]. - Financial, public utilities, and energy sectors are highlighted for their stable cash flows and high dividend yields, attracting long-term investors [6]. - Despite potential selling pressure post-dividend, long-term investors may find this period a favorable entry point [6].