21st Century Business Herald｜Panoramic Images of A Shares' Dividend in 2024: Frequent Appearance of "RMB 100-embodied Red Packet" During the Year, with the Number of Dividend Payers Soared by 355.56% in the Third Quarter

On the evening of December 17, China Securities Depository and Clearing Corporation Limited noticed that from 2025, dividend fees for A-share listed companies on the Shanghai and Shenzhen Stock Exchanges will be reduced by half. Dividends of listed companies see favorable policies.

In and before 2022, the number of listed companies that paid dividends in the third quarter was less than 35; only 63 listed companies paid dividends in the third quarter of 2023. According to Wind, as of December 17, the number of listed companies that have launched the 2024 third-quarter dividend plan reached 287, and the number of dividends has soared by 355.56%. Since December 2023, documents related to the dividend distribution of listed companies such as Guidelines No. 3 for the Regulation of Listed Companies — Distribution of Cash Dividends of Listed Companies have been issued successively. With the introduction of relevant guiding measures, listed companies are more flexible in quarterly dividend distribution and are also able to enjoy policy dividends. As a result, the number of listed companies willing to distribute quarterly dividends has increased significantly. In the view of interviewees, 287 third-quarter dividend distributors are just the beginning, and the number of listed companies expected to launch quarterly dividend plans in the future will continue to increase.

In 2024, the scale of dividend distribution of listed companies will also expand. As of December 17, nearly 4000 listed companies paid a total of nearly RMB 2.4 trillion in terms of dividends during the year, up more than 10% year on year. Large dividends from a single company have also occurred. Taking the Q3 2024 report as an example, the dividend per lot (minimum number of shares, 1 lot equals 100 shares) exceeding RMB 100 includes 9 enterprises: Kweichow Moutai Co., Ltd., Sichuan Yibin Wuliangye Group Co., Ltd., G-Bits Network Technology (Xiamen) Co., Ltd., Mindray Bio-Medical Electronics Co., Ltd., Chongqing Brewery Company Limited, Yunnan Baiyao Group Co., Ltd., Ningbo Deye Technology Co., Ltd., China Resources Sanjiu Medical & Pharmaceutical Co., Ltd., Zhuhai Raysharp Technology Co., Ltd.

It is worth noting that regulatory departments are successively introducing measures to enhance the dividend willingness and dividend distribution of listed companies, thus improving the sense of gain of investors. Journalists from 21st Century Business found that the CSRC's new favorable measures for dividends include revising rules, launching index products, publishing dividend lists, and reducing or exempting fees. Meanwhile, the launch of dividend index products is underway at a fast speed.

From 21st Century Business Herald, December 17, 2024

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The above information is provided for reference purposes only and does not constitute investment advice.