China Securities Journal｜1.39 Trillion Yuan Dividend Payout in 2024! SSE-Listed Companies Provide Real Return to Investors

Translated from China Securities Journal's Taurus APP

As of the press time on April 10, a total of 657 SSE-listed companies have disclosed their 2024 annual reports, with 519 of these companies announcing dividend plans totaling 895.1 billion yuan. In combination with previously announced interim dividends, the total dividend payout from companies that have disclosed annual reports reached 1.39 trillion yuan in 2024, representing a year-on-year increase of 6.8%. Additionally, nearly 40 companies have disclosed their interim dividend plans for 2025.

The year 2024 marks a significant milestone for A-share companies to distribute dividends more than once a year. About 500 SSE-listed companies conducted interim dividend payouts totaling 580 billion yuan—2.2 times the number of companies and 1.2 times the Yuan amount compared to the combined figures of the previous three years (2021–2023). Specifically, interim dividends were paid by 64, 58, and 107 companies in 2021, 2022, and 2023, amounting to 85.8 billion yuan, 208.1 billion yuan, and 202.5 billion yuan, respectively. Notably, the period before Spring Festival in 2025 saw concentrated dividend distributions, with SSE-listed companies paying out over 300 billion yuan, accounting for nearly 90% of the total market.

It is worth mentioning that since the launch of the SSE STAR Market, the total dividend payout amount has increased year by year, with 90% of companies having paid out cash dividends, cumulatively exceeding 145.6 billion yuan, and over 70% of the companies having offered cash dividends in more than two fiscal years. In 2025, the vitality and momentum for dividend payouts of SSE STAR Market-listed companies continue to strengthen. So far, 84 SSE STAR Market-listed companies have disclosed their profit distribution plans in their 2024 annual reports, with total dividends reaching 12.836 billion yuan. In 2024, 63 companies had a cash dividend payout ratio exceeding 30%. Meanwhile, 15 companies increased share capital via capital reserve to all shareholders.

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