Within this week, 5 listed banks will start to distribute dividends one after another. The total dividend amount of the 5 banks will reach 98.42 billion yuan. Among them, China Construction Bank, as the first state-owned bank to pay dividends, will distribute cash dividends of 91.004 billion yuan to in the hands of shareholders. At this point, the total amount of dividends paid by listed banks that have completed dividend distribution will reach 170.631 billion yuan.
A reporter from the Financial Times noticed that based on the closing price on July 6, there are currently 19 banks with dividend yields exceeding 5%. The yield rate of is already stronger than that of many monetary funds and most bank financial products on the market.
No wonder some investors lament: Buying bank stocks can get stable dividends every year, which is more cost-effective than buying financial products.
The six major state-owned banks will pay dividends exceeding 380 billion yuan.
As of July 6, of all 40 A-share listed banks that have announced profit distributions, 22 banks have completed dividend distributions.
For listed banks in the A-share market , persistently giving back to shareholders through cash dividends is a key link for banking financial institutions to establish value investment concepts in the securities market.
data shows that the total amount of cash dividends distributed by the six major state-owned banks in 2021 exceeds 380 billion yuan. Among them, Industrial and Commercial Bank of China cash dividends exceeded 100 billion for the first time, reaching 104.534 billion yuan; China Construction Bank's cash dividends also reached 91.004 billion yuan. Information recently released by the Listed Companies Association shows that the four major banks of , industry and agriculture, China Construction, and are among the top four in the cash dividend list of A-share listed companies in 2021. However, except for China Construction Bank and ICBC , which will pay dividends on July 8 and July 12, the other four banks have not yet disclosed the dividend time.
In addition to the six major state-owned banks, two joint-stock banks also paid more than 10 billion in dividends. Among them, Industrial Bank has the highest dividend amount of 21.501 billion yuan; another bank with a dividend exceeding 10 billion is China Everbright Bank , with a dividend amount of 10.86 billion yuan. In terms of the amount of dividends per share, Industrial Bank also ranked first, with an amount as high as 1.035 yuan.
Among the 40 A-share listed banks, except for the 25 banks that will complete dividend distribution this week, the profit distribution plans of the remaining 15 banks have also been reviewed and approved by their respective shareholders' meetings. According to the profit distribution process, the 2021 dividends of the above-mentioned banks will also be implemented at an optional date.
Judging from the dividend distribution time of listed banks in the past years, 7 will be the peak period for their profit distribution in the previous year, and all listed bank dividends will be distributed by the end of July.
The dividend rate of many banks exceeds 5%
While banks announce their dividend plans, the dividend rate has also attracted investors' attention. According to
data, 19 banks have dividend yields exceeding 5%. Among them, Shanghai Agricultural Bank of China and Bank of Communications have the highest dividend yields, both exceeding 7%. The dividend rates of nine banks, including Chongqing Rural Commercial Bank, Agricultural Bank of China, Everbright Bank, and Bank of Beijing, also exceeded 6%.
This dividend rate level is significantly higher than the yield rate of many financial products. Previously, the "China Banking Wealth Management Market Annual Report (2021)" disclosed by the Banking Wealth Management Registration and Custody Center showed that in each month of 2021, the weighted average annualized return rate of bank wealth management products was as high as 3.97% and as low as 2.29%; if By comparison, the dividend rates of most listed banks in are already higher than the yield rates of bank financial products .
Bank of China President Liu Jin said at the bank's 2021 performance report meeting in March this year that the average share price of Bank of China in 2021 was 2.81 yuan/share, and the dividend per share was 0.221 yuan, based on this calculation The dividend yield is 7.86%, an increase of 2.08 percentage points over the previous year. Liu Jin called on everyone to "place an order when it's time to place an order" for Bank of China stocks.
Liu Jin said that from the perspective of dividend rate and dividend rate, Bank of China is a stable and reliable choice for institutional investors in the current complex domestic and international situation; for individual customers, as a component of an asset portfolio For some, it is also a good choice to compare investment tools such as funds and financial management.
Tian Guoli, chairman of China Construction Bank, also publicly stated before that in the long run, China Construction Bank's dividend rate has been far higher than the yield rate of financial products .
Industry experts also reminded that 's investment strategy of obtaining dividends through long-term investment in bank stocks has certain rationality, but the premise is that the listed banks have stable operations, stable dividend plans, and relatively stable stock prices.
Source: Financial Times client
Reporter: Meng Yang
Editor: Yunyang Yang Jingyi Yu Jiaxin
Email: [email protected]
