Nearly 200 A-Share Stocks Offer Dividend Yields Above 5% as High-Yield Shares Rally

A-share dividend stocks have led a style rotation since July, with nearly 200 listed companies offering dividend yields above 5% and the highest yield above 16%, according to Jiemian News. Jiemian News reported that Rongsheng Environmental had the highest yield, while Huijie Shares, Glacier Network and Da Ren Tang all had yields above 11%. High-dividend stocks rose broadly in July, gaining 4.03% on average, and 53 names climbed more than 10%; Liba Shares, Erdos and Jichuan Pharmaceutical each rose more than 20%. Despite the rally, 44 stocks still had a price-to-book ratio below 1, leaving them in negative net asset value territory. Banks accounted for 13 of those undervalued high-dividend stocks, while construction decoration, transportation and utilities also had multiple names in the group. As of July 17, 18 high-dividend stocks had attracted net financing inflows in July, led by Zoomlion Heavy Industry, which recorded 524 million yuan, followed by GigaDevice, SPIA and Grandsun with 35.9522 million yuan, 16.576 million yuan and 12.5989 million yuan, respectively.