ICBC , the largest state-owned bank in China and the world's largest bank. The total assets of ICBC are as high as 35.40 trillion yuan, far higher than the 5 trillion yuan of China Construction Bank. Therefore, the name of the largest bank in the universe is rumored, but the real largest bank. The performance, profit, asset scale, asset quality, etc. of ICBC are the most stable. Any action of the largest bank in the universe will affect all industries. Therefore, investing in ICBC will be a long-term stable process.
The historical dividend yield of Industrial and Commercial Bank is also good.
ICBC’s current dividend yield is 5.5%, which is a little higher than that of CCB Bank. After all, the stock performance of China Construction Bank is better than that of ICBC . The highest dividend yield in ICBC is 7.4%, which happened in 2014. In fact, the high dividend yields of most major banks appeared in 2014, so 2014 is indeed a value year for high dividend investments.
ICBC's historical TTM dividend yield is quite high, most of the time it is above 4%, and the dividend yield in many periods is higher than 5%. Therefore, ICBC's high dividend yield investment is a process with long-term investment value.
The historical performance of ICBC is also good.
The above chart is the trend chart of ICBC's historical net profit. It can be found that the historical net profit of ICBC continues to rise, and there has been no decline. After all, it is the largest state-owned bank, and its performance must be completely guaranteed, otherwise the risk will be very high. The stability of operating profits ensures the stability of ICBC's earnings per share:
ICBC's earnings per share are relatively high. The current earnings per share are around 0.8, which is very stable and has no risk. Therefore, ICBC has long-term high dividend investment value. After all, stable performance is the guarantee of long-term value investment. Without a stable performance, it will never be able to achieve long-term high dividend investment.
ICBC's dividends are also very stable.
It can be found that since 2014, ICBC's dividends have been very stable. The annual dividends are increasing. Basically, it can be said that the annual dividend increase is OK, with an average dividend increase of 2.7%, which is still a little bit smaller than CCB's .
At the same time, ICBC also lowered dividend rate
It can be found that ICBC's dividend rate has dropped significantly compared to before 2014. The current dividend rate is only 31%, and the early dividend rate can even reach about 40%. Therefore, the rapidly decreasing dividend rate does reduce the dividend rate, and of course it also ensures space for the future increase of the dividend rate. In the future, as long as the dividend rate is increased, the dividend rate can be easily increased, thereby stimulating value investment.
So how long is the high dividend investment recovery period ?
1. Assuming that ICBC's performance and net profit remain stable for a long time;
2. Assuming that ICBC's dividend payments grow steadily;
, then buy at the current price of 4.84 yuan, then the high dividend investment recovery period of ICBC Bank is about 17 years. Have you found that the investment recovery period of most large state-owned banks' high dividend yield investments is about 17 years, including CCB, Bank of China and Agricultural Bank of China . Almost all of them are in this cycle, mainly because their dividend yields are almost the same, and the basic annual dividend yields are between 5.5-6.5%, so the gap is not big.
