On November 22nd, Shenzhen Securities Information Co., Ltd., a wholly-owned subsidiary of the Shenzhen Stock Exchange, announced that it will release the Shenzhen Stock Exchange Dividend 300 Index (referred to as "Shenzhen Dividend 300", code "970062") and Shenzhen Stock Repurchase Index (referred to as "Shenzhen Stock Repurchase", code "970063") on November 28th, aiming to further highlight Shenzhen Stock Exchange companies that actively participate in cash dividends and actively repurchase stocks, and guide the high-quality development of listed companies, Assist in the construction of the investment end of the capital market and better serve the needs of medium and long-term fund allocation. Dividends have become an important channel for listed companies to share economic growth dividends with investors. According to reports, the upcoming Shenzhen Dividend 300 will focus on reflecting the changes in stock prices of listed companies with high dividend levels and high dividend growth potential in the Shenzhen market. Among the A-shares in the Shenzhen market that have ranked high in cash dividend rates in the past three years, the top 300 companies with a combined dividend growth rate and proportion of undistributed profits are selected as index samples. From the perspective of dividend growth, the total cash dividends of the Shenzhen Dividend 300 sample companies in the past year have been nearly 200 billion yuan, an increase of 43% compared to 2020, accounting for more than 50% of the total cash dividends of listed companies in the Shenzhen Stock Exchange; The dividend payout rate has been increasing for three consecutive years, with an average dividend payout rate of 31%, higher than the market average. A good level of dividend distribution is also a strong reflection of the stable operation and excellent profitability of listed companies. According to the 2022 annual report data, the return on equity of Shenzhen Dividend 300 is 13%, and the average growth rates of operating revenue and net profit for the sample companies in the past five years are 16% and 12%. According to calculations, from the end of December 2008 to the end of October 2023, the cumulative income of Shenzhen Dividend 300 was 517%, with an annualized income of 13.1%. It is worth affirming that the Shenzhen Stock Exchange has actively guided listed companies to improve their dividend levels, continuously improved shareholder return mechanisms, and cultivated a group of high-quality companies with strong social responsibility, attention to investor returns, and continuous improvement of dividend levels. From 2020 to 2022, the total cash dividends of Shenzhen Stock Exchange companies increased for three consecutive years. Since the beginning of this year, the enthusiasm of Shenzhen Stock Exchange companies for mid-term dividend distribution has continued to improve. As of the end of the third quarter of this year, nearly 100 Shenzhen companies have disclosed their semi annual cash dividend plans, a year-on-year increase of 53%. Ninety percent of the companies have completed cash dividends, with a total cash dividend amount of nearly 20 billion yuan. Focusing on active repurchase, timely and accurate transmission of market confidence, Shenzhen Stock Exchange repurchase reflects the changes in stock prices of listed companies with large active repurchase amounts and high repurchase ratios in the Shenzhen market. Among the A-shares in the Shenzhen Stock Exchange that have been announced and implemented for stock repurchase in the past year and planned to be implemented in the announcement plan in the past three months, the Shenzhen Stock Exchange selected the top 50 active repurchase amounts and repurchase ratios as the index samples. The index limits the types of stock repurchases to active repurchases such as "market value management" and "equity incentives", and adjusts and updates sample stocks quarterly, which is conducive to accurately and timely reflecting the positive impact of stock repurchases on the stock prices of listed companies. According to statistics, since the beginning of this year, the repurchase amount of sample stocks in the index has reached 18.8 billion yuan, accounting for more than 70% of the repurchase amount of Shenzhen companies in the same period, with good representativeness. From the perspective of market performance, from the end of December 2018 to 2022