Mid term 'red envelopes' issued by listed banks have reached 18.372 billion yuan, and nearly 4 billion yuan will be' credited 'this week-瞭望新时代网-瞭望时代，放眼世界

Mid term 'red envelopes' issued by listed banks have reached 18.372 billion yuan, and nearly 4 billion yuan will be' credited 'this week

2024-11-26

The implementation progress of mid-term dividends for A-share listed banks is continuously being updated. Shanghai Bank recently released an announcement on the implementation of equity distribution for the first half of 2024, stating that it will distribute cash dividends for the first half of 2024 on November 28, totaling approximately RMB 3.978 billion. According to the announcement of A-share listed banks, as of November 25th, a total of 20 banks have disclosed their mid-term profit distribution plans this year. Specifically, six banks including Ping An Bank, Suzhou Bank, Minsheng Bank, Hangzhou Bank, Nanjing Bank, and Shanghai Rural Commercial Bank have completed the implementation of mid-term dividends for A-shares, distributing cash dividends of RMB 4.774 billion, RMB 753 million, RMB 4.61 billion, RMB 2.22 billion, RMB 3.71 billion, and RMB 2.305 billion respectively, totaling approximately RMB 18.372 billion. Shanghai Bank's nearly 4 billion yuan "red envelopes" will also be distributed this week. Most of the mid-term dividends of six large state-owned commercial banks will be implemented in January 2025. Specifically, Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, Construction Bank, Bank of Communications, and Postal Savings Bank of China all plan to distribute mid-term dividends exceeding 10 billion yuan, with respective amounts of 51.109 billion yuan, 40.738 billion yuan, 35.562 billion yuan, 49.252 billion yuan, 13.516 billion yuan, and 14.646 billion yuan. There are still 7 urban rural commercial banks whose mid-term dividends for 2024 have not been implemented, but their implementation plans for mid-term dividends are already in the stage of the board of directors' contingency plan. From the perspective of cash dividend ratio, the cash dividend ratio of six large commercial banks is around 30%, and some urban rural commercial banks even exceed 30%. In the eyes of industry insiders, the active implementation of mid-term dividend plans by listed banks is closely related to the guidance of regulatory policies. In March of this year, the China Securities Regulatory Commission issued the "Opinions on Strengthening the Supervision of Listed Companies (Trial)", which proposed to "strengthen the supervision of cash dividends and enhance investor returns". Require listed companies to develop proactive and stable cash dividend policies, and clarify investor expectations. Intensify incentives for high-quality dividend companies and take multiple measures to promote the increase of dividend yields. Enhance the stability, sustainability, and predictability of dividends, promote multiple dividends per year, pre dividends, and dividends before the Spring Festival. In addition, the new "National Nine Articles" also emphasize "strengthening the supervision of cash dividends of listed companies". Yang Haiping, a researcher at the Securities and Futures Research Institute of the Central University of Finance and Economics, told reporters that in the long run, listed banks generally perform well in terms of cash dividends and dividend yields. Some banks have implemented mid-term dividends to further strengthen investor expectations and lay a solid foundation for the subsequent market value management of listed banks. In addition, it also played an indirect positive role in the bank's subsequent capital replenishment. In addition to the mid-term dividend plan, there are also listed banks offering cash dividend plans for the third quarter. Chongqing Bank previously released an announcement regarding the pre distribution plan for the third quarter of 2024, which stated that it plans to distribute a cash dividend of RMB 1.66 (including tax) for every 10 shares, totaling RMB 577 million (including tax), accounting for 13.03% of the net profit attributable to the bank's common shareholders. Listed banks have released positive signals to the market through mid-term dividends and multiple dividends. On the one hand, it helps attract more investors' attention and enhance their confidence in the future development of the industry; On the other hand, it is conducive to creating value for shareholders, promoting positive interaction between shareholders and banks, and thus promoting the high-quality development of banks themselves A relevant person from a listed bank's Beijing branch told reporters. (New Society)

Edit：Yao jue Responsible editor：Xie Tunan

Source：Securities Daily

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