2.20 trillion yuan class A share company cash dividend hit a new high

On April 30th, according to the statistics of the reporter, as of 9:00 pm on April 29th, a total of 5160 class A share listed companies released their 2023 annual reports, of which 3800 listed companies disclosed cash dividend plans, accounting for 74.72% of the companies that have published annual reports. The total amount of annual cash dividends is as high as 2.20 trillion yuan. Industry insiders generally believe that the policy guidelines of the new "National Nine Articles" on cash dividends will effectively supervise more companies with the ability to pay dividends, increase dividend repurchase efforts, and enhance investor returns. The normalized dividend distribution mechanism of class A share is being further improved. The reporter noticed that compared with the 1.45% one-year deposit interest rate, the overall dividend yield of class A shares is approaching a historical high, such as the Shanghai Stock Exchange 50 and the CSI 300 dividend yield has reached 3.85% and 2.93%.