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since the beginning of this year, regulators and exchanges have continued to guide listed companies to increase the intensity and frequency of dividends.

in march this year, the china securities regulatory commission issued the "opinions on strengthening the supervision of listed companies (trial)", which proposed to promote multiple dividends a year. the "several opinions on strengthening supervision, preventing risks and promoting high-quality development of the capital market" issued by the state council in april clearly stated that the stability, sustainability and predictability of dividends should be enhanced, and multiple dividends a year, pre-dividends and dividends before the spring festival should be promoted.

the enthusiasm of a-share companies for dividends continues to increase. against the backdrop of last year's record highs in indicators such as total dividends, the number of dividend-paying companies, and the number of companies paying dividends of over 10 billion yuan, many indicators related to mid-term dividends this year also hit record highs.

in recent years, the total dividends of a-share listed companies have continuously broken historical records: in 2011, the total dividends exceeded 500 billion yuan for the first time, in 2017, it broke the trillion yuan mark for the first time, in 2022, it broke the 2 trillion yuan mark, and in 2023, the a-share dividends exceeded 2.2 trillion yuan.

entering 2024, the dividend strength of listed companies continued to increase, and the scale of mid-term dividends set a new record: the number of dividend-paying companies exceeded 660, exceeding the number of dividend-paying companies in the same period from 2021 to 2023 (a total of more than 510); the total amount of dividends to be paid exceeded 520 billion yuan, close to the sum of the dividend amounts in the previous three years. in addition, the proportion of dividend-paying companies and the ratio of dividends to net profit also hit a record high for the same period in history.

judging from the amount of dividends in the middle of 2024, the banking industry continues to dominate the dividend list, with a total industry dividend of 214.412 billion yuan, far ahead of other industries, accounting for nearly 41% of the total a-share dividends. in addition, the dividends of industries such as petroleum and petrochemicals, communications, non-bank finance, transportation, and pharmaceuticals and biology all exceeded 10 billion yuan.

compared with the past, the securities sector of the non-bank financial industry has greatly increased its willingness to pay dividends. 25 individual stocks plan to pay out more than 13 billion yuan in mid-term dividends. citic securities ranks first with a dividend of nearly 3.6 billion yuan, while huatai securities and guotai junan securities both pay out more than 1.3 billion yuan.

dividends are an important indicator of value investment and are attracting more and more attention from investors. based on this, databao has produced lists such as "a-share 2024 mid-term dividend ranking" and "a-share 2024 mid-term dividend yield ranking" for readers.

the dividend ranking list shows that the mid-term dividend amounts of 45 stocks are over 1 billion yuan, of which 11 stocks have dividend amounts exceeding 10 billion yuan.

specifically, after dominating the a-share dividend list for two consecutive years, icbc ranked first with a mid-term dividend of 51.109 billion yuan this year. china mobile ranked second with a mid-term dividend of 51.027 billion yuan. china construction bank ranked third with a mid-term dividend of 49.252 billion yuan. in addition, the dividends of agricultural bank of china, petrochina, bank of china, and china national offshore oil corporation all exceeded 30 billion yuan.

in the three years since its listing on the a-share market, cnooc has continued to pay high dividends, with dividends exceeding 109.1 billion yuan in 2022, a dividend rate of 77%; dividends of nearly 54.3 billion yuan in 2023, a dividend rate of nearly 44%; and mid-term dividends of nearly 32.1 billion yuan this year, a dividend rate of over 40%. in the first half of this year, the company achieved total operating revenue of 226.8 billion yuan, a year-on-year increase of 18%, and net profit attributable to shareholders of 79.731 billion yuan, a record high for the same period in history, a year-on-year increase of 25.05%.

medical leader mindray medical is the only private enterprise that has entered the top 20 mid-term dividend rankings. it plans to pay a cash dividend of rmb 40.6 (including tax) for every 10 shares, with a total cash dividend of approximately rmb 4.923 billion. in the first half of the year, the company achieved operating income of rmb 20.531 billion, a year-on-year increase of 11.12%; net profit attributable to shareholders of the parent company was rmb 7.561 billion, a year-on-year increase of 17.37%, and a year-on-year increase of 22.13% after excluding the impact of exchange gains and losses.

the dividend amount is of great reference value, and the proportion of profits, that is, the dividend rate, represents to a certain extent the company's dividend ability and willingness.

according to databao statistics, there are as many as 35 stocks with a mid-term dividend rate of more than 100% in 2024, that is, the mid-term dividend exceeds the net profit. among them, fenglong co., ltd. and liandi information have a dividend rate of more than 25 times. the former plans to pay a cash dividend of 20.48 million yuan, with a mid-term net profit of 660,800 yuan; the latter plans to pay a cash dividend of 25.35 million yuan, with a mid-term net profit of 311,500 yuan.

the high dividend rate of stocks with a low net profit base is of little reference value. according to databao statistics, there are 16 stocks with net profits exceeding 50 million yuan and dividend rates exceeding 100% in the first half of 2024. among them, dian diagnostics' dividend amount reached 398 million yuan, more than 5 times its net profit in the first half of the year. the dividend rates of meiyingsen, guangri shares, and mulinsen all exceeded 200%.