In recent years, the awareness of cash dividend returns of listed companies has been significantly improved, the amount of dividends has continued to grow, and the stability of dividends has been increasingly enhanced.
Dividends of listed companies are becoming a "new channel" for investors to share the dividends of economic growth.
The total annual dividend exceeded 2 trillion yuan for the first time
According to the latest data from the China Association of Public Companies, the dividend work of A-share listed companies in 2022 is nearing the end, and the total dividend has exceeded 2 trillion yuan for the first time.
This is a new milestone after the total dividend in 2017 exceeded one trillion for the first time!
According to the data, a total of 3,446 listed companies in the domestic ** market plan to implement cash dividends, accounting for 67% of the total number of listed companies in the market.
The total amount of dividends proposed in 2022 will reach 213 trillion yuan, exceeding 2 trillion for the first time. Among them, there are 2,023, 1,687 and 750 companies that have achieved continuous dividends in the last 3 years, 5 years and 10 years respectively, and the awareness of listed companies to return investors has been significantly improved.
According to the type of holding, the total dividend of listed companies controlled by central enterprises in 2022 is 106 trillion yuan, accounting for 49 percent of the whole market85%。There are 927 state-controlled listed companies that pay cash dividends, accounting for less than 30% of all dividend companies, but contributing nearly 70% of the total dividends (147 trillion yuan).
Some large state-owned listed companies maintain a high proportion of dividends, such as China Mobile, China Shenhua, Sinopec, etc., with dividend payout ratios of more than 60%.
In terms of sub-sectors, in 2022, listed companies on the main boards of Shanghai and Shenzhen will pay a total of 2 trillion yuan in dividends, accounting for 94% of the total, and are the main force in the capital market for dividends. At the same time, the awareness of cash dividends of listed companies in the entrepreneurship and entrepreneurship sector is also getting higher and higher. In 2022, the dividend payout ratio of companies listed on the STAR Market and ChiNext increased by 2 percent compared with the previous year7 percentage points and 17 percentage points.
Sustained, stable, scientific and reasonable dividends not only reflect the strength of listed companies' stable performance and abundant cash flow, but also enhance investors' confidence and sense of gain in holding shares, demonstrate the long-term and stable growth and intrinsic investment value of listed companies, and create a good ecology for the high-quality development of the capital market.
According to statistics, since the establishment of the capital market, the total cash dividends of all listed companies have reached nearly 16 trillion yuan. Since 2017, the cash dividends in the domestic market have exceeded 8 trillion yuan, the growth rate of dividends has accelerated, the ratio of dividend financing has increased year by year, and the role of the capital market in rewarding investors has become more significant.
The significance of cash dividends of listed companies
Cash dividends of listed companies are an important way to reflect the investment value of the capital market and return investors. Dividends are the value return of listed companies to investors, which fully reflects the responsibility and respect of listed companies to investors.
If each of the listed companies can continue to pay large cash dividends, it is a full reflection of its market competitiveness. Because cash dividends require listed companies to come up with real money and pay real cash flow. Being able to pay dividends shows that its funds are in good financial condition, and we should praise and recognize that we have the money to pay dividends to shareholders.
Cash dividends of listed companies are an important way to reduce investors' investment risks, cultivate investors' long-term investment philosophy, and enhance the attractiveness of the capital market. Dividends are an important guarantee for the optimal allocation of elements in the capital market, the discovery of value, the realization of value, and the sustainable and healthy development of the capital market. For China, dividends are particularly important for building an investment-oriented company and promoting its healthy and stable development. In the case of cash dividends, investors can use the cash dividends to purchase ** again, increase the number of **, and obtain compound interest appreciation through the stock price in the future or dividends in the next year. This is the practice of long-term value investing. If there is no continuous dividend, it is difficult for investors to build up the confidence to hold the ** for a long time.
There is no necessary connection between the ex-rights and tax deductions of cash dividends of listed companies and the stock price trend in the secondary market. Investors believe that it is equivalent to using a part of their own funds to pay dividends to themselves, because the stock price is ** or flat after ex-rights, resulting in the illusion that the book remains unchanged or decreased. In fact, if the so-called right filling is out after the ex-rights, then the investor will actually get additional cash dividends. Therefore, the ex-rights of cash dividends are related to the stock price trend, but they are different, and the logic inside should be clarified.
Cash dividends and disadvantages of listed companies
Cash dividends of listed companies refer to a way for companies to use their own funds to distribute cash to shareholders, and common cash dividends include cash dividends and dividend transfers. As a common form of shareholder return for listed companies, cash dividends have attracted the attention and popularity of investors. There are also some pros and cons to cash dividends, let's take a look at them together.
First, cash dividends can increase shareholder returns and company value. For shareholders, cash dividends are an important form of return on investment, providing investors with cash flow and enhancing shareholder returns. For the company, cash dividends can enhance the company's financial strength and credibility, improve the company's market competitiveness, and then enhance the company's value and stock price level.
Secondly, there are also some disadvantages to cash dividends. Cash dividends may affect the company's growth and investments. Cash dividends require the company to use its own funds, and once a large-scale dividend is paid, the company's cash flow may be affected, affecting the company's investment and expansion. Cash dividends may lead to the instability of the company's financial situation, and if the company pays too many dividends, it may lead to insufficient cash flow of the company and even a broken capital chain.
Finally, we conclude that there are both advantages and disadvantages to cash dividends. For investors, they should choose the right one to invest according to their own risk appetite and investment objectives. For the company, it should reasonably plan the dividend plan according to its own financial situation and development strategy to avoid financial risks.
Xiaoyi's message
The cash dividends of listed companies are of great significance to ordinary investors, especially for investors with value investment concepts, and dividends are the basis for their long-term holding of shares in listed companies.
Performance is an important basis for measuring the quality of a listed company, and it is also one of the vanes of shareholder investment, we must learn more Xi enrich our professional knowledge as much as possible. In the ** market, if you want to make a profit, there is no other shortcut except to study hard Xi improve your experience and ability.