A股上市银行密集派发中期分红，总额超2600亿元引关注

A-share listed banks have intensively distributed interim dividends, totaling more than 260 billion yuan, which has attracted wide attention.”

【环球网财经综合报道】据公开数据统计，截至12月13日，已有26家A股上市银行披露了2025年中期或季度分红方案，这一数量超过了2024年同期的24家。预计分红总额突破2600亿元。

[Comprehensive Report by Huanqiu Finance Network] According to public data statistics, as of December 13, 26 A-share listed banks have disclosed their interim or quarterly dividend plans for 2025, a number that surpasses the 24 banks in the same period of 2024. The total expected dividends are projected to exceed 260 billion yuan.

本次披露分红方案的银行涵盖6家国有大型银行、6家股份制银行及14家中小银行。其中，国有六大行作为“主力军”，预计中期现金分红总额超过2000亿元。具体来看，工商银行以约504亿元的分红额度位居榜首，建设银行、农业银行、中国银行、邮储银行和交通银行紧随其后。

The banks that disclosed dividend plans this time include 6 large state-owned banks, 6 joint-stock banks and 14 small and medium-sized banks. Among them, the six major state-owned banks act as the "main force", with the total expected interim cash dividends projected to exceed 200 billion yuan. Specifically, Industrial and Commercial Bank of China (ICBC) ranks first with a dividend amount of about 50.4 billion yuan, followed by China Construction Bank, Agricultural Bank of China, Bank of China, Postal Savings Bank of China and Bank of Communications.

在股份制银行中，兴业银行与中信银行的预计中期分红均超100亿元，光大银行与民生银行则超过50亿元。部分中小银行的分红额度也较为显著，如上海银行、南京银行等。值得注意的是，兴业银行、宁波银行等多家银行系首次推出中期分红方案。

Among the joint-stock banks, the projected interim dividends of Industrial Bank and China CITIC Bank both exceed 10 billion yuan, while those of China Everbright Bank and Minsheng Bank surpass 5 billion yuan. Some small and medium-sized banks also have notable dividend quotas, such as Bank of Shanghai and Bank of Nanjing. It is worth noting that many banks including Industrial Bank and Bank of Ningbo have rolled out interim dividend plans for the first time.

业内分析指出，商业银行提高分红频率，是落实新“国九条”关于推动上市公司一年多次分红要求的具体举措。其核心在于通过常态化、多元化的分红安排，打通上市公司盈利与投资者回报的传导链路，夯实市场健康发展的根基。

Industry analysts pointed out that commercial banks' move to raise the frequency of dividend distribution is a concrete measure to implement the new "National Nine Articles" regarding the requirement to encourage listed companies to distribute dividends multiple times a year. Its core lies in unblocking the transmission channel between listed companies' profits and investor returns through normalized and diversified dividend arrangements, thus laying a solid foundation for the healthy development of the market.

提高分红频率本质上是一种深度的市值管理行为。相较于传统的年度分红，中期或季度分红能够打破回报的时间滞后性，通过更高频次的现金回报强化投资者对银行盈利稳定性的预期，有助于打造清晰的红利型银行股形象。

Raising the frequency of dividend distribution is essentially an in-depth market value management measure. Compared with traditional annual dividends, interim or quarterly dividends can break the time lag in returns, strengthen investors' expectations for the stability of banks' profits through more frequent cash returns, and help build a clear image of dividend-focused banks.

对于投资者而言，更频繁的分红能直接提升股东获得感，让投资者更及时地分享银行的经营成果。同时，稳定的现金回报尤其契合社保基金、养老金、保险资金等长期资金的配置需求。红利型银行的定位有助于吸引这类资金长期持有，形成“长期资金入驻—股价稳定性增强—更多长期资金青睐”的良性循环，从而降低股价的异常波动，减少短期投机行为对估值的扰动。（陈十一）

For investors, more frequent dividends can directly boost shareholders' sense of gain and enable them to share the banks' operating results in a more timely manner. Meanwhile, stable cash returns are particularly aligned with the allocation needs of long-term funds such as social security funds, pension funds and insurance funds. The positioning of dividend-focused banks helps attract such funds to hold positions for the long term, forming a virtuous circle of "long-term fund inflows - enhanced stock price stability - greater favor from more long-term funds". This thus reduces abnormal fluctuations in stock prices and mitigates the impact of short-term speculative activities on valuation. (Chen Shiyi)