Recently, several listed companies have announced a new round of dividend plans, including special dividend plans for 2024, third-quarter dividend plans, and mid-term dividend plans, among other types. As of 6:00 PM on November 25th, a total of 241 A-share listed companies have announced their third-quarter dividend plans. In the same period last year, only 63 companies announced their third-quarter dividend plans. This year, the number of listed companies announcing third-quarter dividend plans has reached a historical high.

Lianmei Holdings recently disclosed an announcement regarding the company's special dividend plan for 2024, showing that the company plans to distribute a cash dividend of 1.2 yuan (including tax) per 10 shares to all shareholders (excluding shares held in the company's repurchase account). As of November 22, 2024, the company's total share capital is approximately 2.288 billion shares. After excluding the shares held in the repurchase account, the total cash dividend to be distributed is calculated based on 2.225 billion shares, amounting to approximately 267 million yuan (including tax).

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Lianmei Holdings stated that this special dividend plan takes into account the company's business model, profitability, and capital expenditure arrangements, and will not have a significant impact on the company's operating cash flow or its normal operations and long-term development.

Before this, several listed companies, including Yunnan Baiyao, Xinmei Shares, China Power, SF Holding, Huazhi Liquor, Jianbang Shares, and China Coal Energy, have all announced their special dividend plans for 2024.

Some listed companies have implemented their special dividend plans shortly after announcing them. Taking Yunnan Baiyao as an example, the company disclosed the implementation announcement of the special dividend rights distribution on the evening of November 18th. The equity registration date for this rights distribution is November 22, 2024, and the ex-dividend date is November 25, 2024. Previously, Yunnan Baiyao disclosed the announcement regarding the special dividend plan on the evening of October 29th, proposing to distribute a cash dividend of 12.13 yuan (including tax) per 10 shares to all shareholders.

Some companies have a significant special dividend effort. Taking Xinmei Shares as an example, the company plans to distribute a cash dividend of 13.1 yuan (including tax) per 10 shares to all shareholders registered on the equity registration date, based on a total share capital of 229 million shares after deducting the shares repurchased in the repurchase account, totaling approximately 300 million yuan (including tax) in cash dividends.

A total of 241 companies have disclosed their third-quarter dividend plans.

In addition to special dividend plans, the number of listed companies announcing third-quarter dividend plans continues to increase.

Pangu Intelligence announced on the evening of November 25th regarding the profit distribution plan for the first three quarters of 2024, showing that the company held the eighth meeting of the second board of directors and the seventh meeting of the second supervisory board on November 25, 2024. The "Profit Distribution Plan for the First Three Quarters of 2024" was reviewed and passed, with the company planning to distribute a cash dividend of 1.35 yuan (including tax) per 10 shares to all shareholders based on the total share capital as of October 31, 2024, totaling approximately 20.059 million yuan (including tax) in cash dividends.

Some listed companies have announced large third-quarter dividend plans, attracting market attention. Huazhi Liquor announced on the evening of November 22nd that the company held the 23rd meeting of the fifth board of directors and the 18th meeting of the fifth supervisory board on November 22, 2024, reviewing and passing the "Profit Distribution Plan for the First Three Quarters of 2024." The company plans to distribute a cash dividend of 8.09 yuan (including tax) per 10 shares to all shareholders based on the existing total share capital of approximately 417 million shares, excluding the shares repurchased in the repurchase account, with a total of 408 million shares as the base, expecting to distribute approximately 330 million yuan (including tax) in cash dividends; this profit distribution does not include bonus shares or capital reserve conversion into share capital. Wind data shows that as of the close on November 25th, Huazhi Liquor's share price was 17.43 yuan per share, with an increase of 2.71%.

Data shows that as of 6:00 PM on November 25th, a total of 241 A-share listed companies have announced their third-quarter dividend plans, with only 63 companies announcing their third-quarter dividend plans in the same period last year. This year, the number of listed companies announcing third-quarter dividend plans has reached a historical high.

Increasing Dividend Efforts

Recently, listed companies represented by Kweichow Moutai, Chongqing Beer, and Changjiang Materials have announced their 2024 mid-term profit distribution plans. Kweichow Moutai's 2024 mid-term profit distribution plan shows that as of September 30, 2024, the company's undistributed profits amount to 192.904 billion yuan. The company plans to distribute a cash dividend of 23.882 yuan (including tax) per share to all shareholders based on the total share capital on the equity distribution registration date, totaling a planned cash dividend of 30.001 billion yuan.

A research report from Zheshang Securities shows that previously, Kweichow Moutai's cash dividend return plan indicated that from 2024 to 2026, the company's annual cash dividend total will not be less than 75% of the net profit attributed to the shareholders of the listed company for that year, with annual cash dividends implemented twice (annual and mid-term dividends). Kweichow Moutai has increased shareholder returns, significantly increasing the regular dividend effort, with the company's annual dividend rate stably above 50% since 2015. The company's annual dividend rate is expected to continue to remain stable.

Pan Helin, a member of the Expert Committee of the Ministry of Industry and Information Technology's Information and Communication Economy, stated that currently, the frequency and intensity of dividends from A-share companies have significantly improved compared to the past. Of course, listed companies increasing dividend incentives should be based on improved profitability.

The Vice Chairman of the China Enterprise Capital Alliance told reporters that the dividend efforts of A-share listed companies continue to increase. Under the guidance of policies, the continuity and predictability of listed companies' dividends have significantly strengthened. Listed companies increasing dividend efforts have boosted investor confidence, helping to attract more long-term capital into the market, forming a virtuous cycle.