Listed banks as major dividend payers in A-shares have attracted much attention for their high dividend investment value
2024-04-19
As a major dividend payer in the A-share market, listed banks have successively released their dividend plans for 2023. As of the time of publication, 23 listed banks have disclosed their 2023 annual reports, of which 22 have disclosed their profit distribution plans. According to data from Tonghuashun, the reporter found that the dividend yield of most listed banks (calculated based on the closing price at the end of 2023, the same below) is higher than 5%. Among them, Ping An Bank, China Merchants Bank, Chongqing Rural Commercial Bank, and Bank of Beijing all have dividend yields exceeding 7%. The six major state-owned banks, including Industrial and Commercial Bank of China, Construction Bank, Agricultural Bank of China, Bank of Communications, and Postal Savings Bank of China, remain the main force in cash dividends. According to the profit distribution plans of various banks, the reporter found that the total dividend amount of the six major banks in 2023 reached 413.341 billion yuan, an increase from 404.761 billion yuan in 2022, reaching a new high. From the perspective of dividend ratio, the cash dividend ratio of all six major banks in 2023 exceeded 30%. Among them, Industrial and Commercial Bank of China and China Construction Bank both plan to distribute dividends exceeding 100 billion yuan. According to the profit distribution plan of Industrial and Commercial Bank of China for the year 2023, RMB 3.064 (including tax) will be distributed for every 10 shares of cash dividends, with a total cash dividend of RMB 109.023 billion to ordinary shares, an increase of RMB 1.034 billion or 1.0% compared to the previous year; The proportion of net profit attributable to shareholders of the parent company is 30.0%, and the proportion of net profit attributable to common shareholders of the parent company is 31.3%. Construction Bank announced that it will distribute cash dividends of RMB 100.04 billion (including tax) per share to all ordinary shareholders (who were listed in the shareholder register after the market closed on July 11, 2024) based on the group's after tax profit of RMB 332.653 billion for the year 2023, with a dividend ratio of 30%. "Since going public in 2005, we have cumulatively paid dividends exceeding 1.1 trillion yuan." Zhang Jinliang, Secretary of the Party Committee and Chairman of China Construction Bank, stated at a performance conference that as one of the first state-owned large banks to undergo stock reform and listing, China Construction Bank has always focused on safeguarding the rights and interests of shareholders, especially small and medium-sized shareholders, and sharing development achievements. In addition, Agricultural Bank of China, Bank of China, Bank of Communications, and Postal Savings Bank of China plan to distribute dividends of 80.811 billion yuan, 69.593 billion yuan, 27.849 billion yuan, and 25.881 billion yuan in 2023, with dividend payouts per share of 0.2309 billion yuan, 0.2364 yuan, 0.3750 yuan, and 0.2610 yuan, respectively. Among the nine A-share listed companies, seven have disclosed their annual reports and profit distribution plans, with a total dividend amount of 126.907 billion yuan. China Merchants Bank currently ranks first among joint-stock banks with a planned dividend payout of nearly 50 billion yuan. In the past three years, the cash dividend amount of China Merchants Bank has steadily increased. From 2021 to 2023, the bank's dividend payouts per share were 1.522 yuan, 1.738 yuan, and 1.972 yuan, respectively. The cash dividend amounts were 38.385 billion yuan, 43.832 billion yuan, and 49.73 billion yuan, respectively
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