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Dividend repurchase hits a new high, 3,472 listed companies announce annual cash dividends.
Jin10 data reported on May 2 that under the strong promotion of the new "National No. 9 Policy" for dividends, the dividend repurchase in 2024 has reached a new high, with increased efforts to return to investors. Specifically, in 2024, 3,472 listed companies on the Shanghai and Shenzhen stock exchanges announced cash dividends from their annual reports, totaling 1.66 trillion yuan. Coupled with previous interim dividends, the total dividend amount for the 2024 fiscal year reached 2.39 trillion yuan, a year-on-year rise of 7.2%, with the Shanghai and Shenzhen 300 dividend yield at 3.59%, both hitting historical highs. State-owned enterprises continue to play a leading role in dividends. In addition, the enthusiasm of listed companies for stock repurchases has further increased, with 1,470 repurchase plans disclosed in 2024, totaling 212.3 billion yuan, which are 2.1 times and 1.5 times that of 2023, respectively.