[Global Network Financial Comprehensive Report] According to statistics from Tongshun Finance, as of July 20, 550 A-share listed companies have planned relevant interim dividend arrangements this year. In terms of progress, 542 companies are at the stage of general shareholders’ meeting proposal, while the remaining 8 are under pre-disclosure or board proposal stage.
从相关公司公告来看,“进一步提高分红频次,增强投资者回报水平”被多次提及。
Announcements from relevant firms repeatedly mention plans to raise dividend frequency and improve returns for investors.
Industry insiders hold that multiple dividend payouts within a year directly reflect sound earnings quality and stable cash flow of enterprises. They can send positive signals to the market and boost investor confidence. Active dividend distribution by listed companies helps foster a favorable market environment, channel capital toward high-quality assets, curb short-term volatility and draw medium-and-long-term capital into the market. As the virtuous cycle of “financing, growth and returns” in the capital market keeps improving, retail investors will gain a stronger sense of benefit.
Besides, many listed companies have set preconditions for interim dividend payout in their announcements. For instance, “the net profit attributable to shareholders of the listed company in the corresponding period shall be positive, and accumulated undistributed profits shall also be positive”. The company’s cash flow shall cover the capital needs for normal operations and sustainable development.
Furthermore, to achieve better and more sustainable dividend distribution, listed companies shall put shareholders’ interests at the core and build a long-term mechanism. First, solid fundamentals lay the foundation for steady dividend payouts. Second, formulate institutionalized, predictable dividend policies and turn ad-hoc dividend decisions into long-term commitments, which can greatly lift investor confidence. Third, strike a balance between shareholder returns and corporate development for dynamic optimization. Last, strengthen information disclosure and communication with shareholders. (Nanmu)