Cailianshe (Shanghai, researcher Yao Hui) reported that as the industry leader, , as the industry leader, has a total market value of more than 360 billion , China Shenhua , although its revenue and net profit both fell in 2020, its dividend intensity has not been weakened.
The company plans to pay RMB 1.81 per share (tax included) in the 2020 dividend, corresponding to a dividend of nearly 36 billion yuan, which means about 90% of the net profit is used to pay dividends. According to the latest closing price, the dividend yield of A shares is 10%, and the dividend yield of H shares is as high as 15%.
China Shenhua stock price daily trend chart
From the stock price performance, China Shenhua 's trend this year is relatively resistant to declines, not far from the high point in December last year, and it is obvious from the excess returns of the Shanghai and Shenzhen 300 Index.
Xinda Securities energy team commented on this annual report at the first time, saying that considering the commissioning of Huangda Railway power plants such as Jinjie, the capital expenditure scale of China Shenhua will remain at a low level, and the company's high dividends and cash bull attributes are expected to continue to strengthen (as of 2020, cash funds of 127.457 billion yuan).
Cinda Securities raised the company's earnings per share from 2021 to 2023 to 2.34, 2.37 and 2.46 yuan respectively (the original forecast for 2021 to 2022 is 2.24 and 2.36 yuan per share, with a new forecast for 2023). The franchise attributes of China Shenhua make operating performance highly certain and stable, and the growth of integrated operations can release sufficient upward performance elasticity, maintaining the "buy" rating and target price of 29.03 yuan.
Not long ago, Fangda Special Steel and Sifang Co., Ltd. also launched a dividend plan with a very high dividend rate. The market responded strongly, and both achieved two consecutive boards.
Fangda Special Steel stock price daily trend chart
Sifang Shares stock price daily trend chart
Data statistics show that among the companies that have been announced, 490 companies' distribution plans include cash dividends. Based on the cash dividend per share in 2020 and the closing price on March 26, statistics were found that a total of 58 companies had dividend yields exceeding 3%. Among them, the dividend yields of Fangda Special Steel , Sifang Shares and China Shenhua ranked among the top three, with dividend yields of 12.73%, 12.28% and 9.98% respectively. There are nine stocks dividend yields exceeding 6%. The specific list is as follows:
