On March 5, Waigaoqiao issued a proposal on revising the company's three-year shareholder return plan (2023-2025), which has been deliberated and approved by the meeting. So far, Waigaoqiao's shareholder return plan for 2023 to 2025 has been officially increased from "the cumulative profit distributed in cash for three consecutive years shall not be less than 30% of the average annual distributable profit realized in three years" to "the profit distributed in cash in each of the next three years shall not be less than 50% of the distributable profit realized in the current year".
With the continuous improvement of the cash dividend mechanism, the willingness and ability of listed companies to pay cash dividends have been continuously improved, and it has become the consensus of all market participants to return investors through cash dividends.
According to wind statistics, as of March 6, 37 A-share companies have disclosed their dividend plans for 2023. Judging from the progress of the plan, the dividend plans of 16 companies are proposed by shareholders, and the dividend plans of 21 companies have passed the resolution of the board of directors and will be submitted to the general meeting of shareholders for deliberation. From a formal point of view, 35 of the 37 companies have clarified the proportion of cash dividends, and Kibing Group and Linglong Tire have issued shareholder proposals. Among them, on the basis of the proportion of cash dividends in 2023 to the net profit attributable to shareholders of listed companies in 2023 is not less than 30%, Linglong Tire will increase the frequency of cash dividends in 2024, and the total proportion of cash dividends in the net profit attributable to shareholders of listed companies in the current year shall not be less than 30%. Kibing Group said that in 2023, profits will be distributed in the form of cash dividends, and the amount of cash dividends will be determined according to 50% of the net profit attributable to shareholders of listed companies in 2023.
Among the 35 companies with clear dividend plans, Straight Flush pays a dividend of 2 per share2 yuan is temporarily the first, in addition, Hetai Electromechanical, New Open Source, and Focus Technology plan to pay a dividend of 1 yuan per share. Based on the current situation, compared to 2022, 29 of the 35 companies have increased their dividends per share, accounting for 82 of the disclosed companies86%。In addition, 3 remained unchanged and 3 decreased slightly.
It is worth noting that since December 2023, a number of listed companies have successively released shareholder dividend return plans for 2023-2025, disclosing to the market the specific details of the company's planned dividend conditions, proportions and intervals, and conveying the characteristics of listed companies to give back to shareholders' investment, increase shareholder returns, and share operating results in the form of "cash red envelopes". Higher dividends are not only a reflection of the return ability, which is conducive to boosting the confidence of the capital market and stabilizing investor sentiment, but also promotes the reasonable return of valuation by promoting the reasonable distribution of corporate profits, based on value investment and long-term development.
Promote listed companies to actively and reasonably distribute dividends, encourage listed companies to increase the frequency of dividends, optimize the method and structure of dividends, and help investors form reasonable expectations; At the same time, it has improved the relevant system of repurchase, supported listed companies to carry out share repurchases, actively maintained the company's value and shareholders' rights and interests, transmitted positive signals to the market, boosted investor confidence, promoted the smooth operation of the capital market, and laid the foundation for building a long-term mechanism in the capital market. Yan Xiang, chief economist of Huafu, analyzed.
Reporter Liu Yang.