The dividend season of listed banks will end.
Due to the large-scale growth of performance in 20021year and the consistent and steady dividend policy, the dividend amount of listed banks has also risen.
According to the dividend data disclosed by listed banks, among all the 42 A-share listed banks, 40 banks gave dividends back to investors on 20021,and all the dividend schemes of these banks adopted cash dividend.
202 1 total dividends of 40 listed banks reached 545.249 billion yuan, an increase of 1 1.62% compared with 2020. Among them, the total cash dividends of six state-owned banks reached 38,265,438+93 million yuan, accounting for more than 70% of the total dividends of 40 listed banks.
For a long time, the six major state-owned banks have not only been far ahead in annual cash dividends, but also maintained a cash dividend ratio of 30% or more for many years, maintaining good continuity and stability in profit distribution.
The dividend of listed banks in 20021year lasted for nearly three months. On May 5th, Zhangjiagang Bank took the lead in paying dividends, which opened the curtain of 202 1 listed banks' dividends. As the last of 40 dividend-paying banks, Changsha Bank will implement dividends on August 2. June and July are the peak of annual dividends of listed banks, and 34 banks have completed the annual dividend of 202 1, accounting for more than 80%.
Lv Changshun, chief researcher of Shanghai Zhonghe Yingtai Financial Consulting Co., Ltd., said in an interview with Securities Daily that the cash dividends of listed banks have been relatively stable for a long time, keeping pace with the growth of performance, which has brought stable returns to bank shareholders and highlighted the long-term investment value of listed banks. At present, global economic growth is under pressure. While paying dividends, listed banks should also take into account their own development, appropriately increase profit retention and improve endogenous capital replenishment.
High dividend yield highlights investment value
The dividend yield is one of the important indicators to measure whether listed banks have long-term investment value. The reporter found that the dividend yield of most banks is high.
According to the statistics of the Securities Daily reporter, based on the closing price at the end of last year, among the 40 listed banks with annual dividends, the dividend yield of 25 banks exceeded 4%, exceeding the yield of bank wealth management products in the same period. Among them, the dividend yields of Bank of Communications, Bank of China and Agricultural Bank are all above 7%. Based on the latest closing price, the number of banks with dividend yield exceeding 4% will increase to 28.
Lv Changshun believes that from the perspective of value investment, the most appropriate way for banks and other state-controlled financial institutions to consider their valuation is to look at the dividend yield. In recent years, the dividend yield of several state-owned banks is higher than the one-year fixed deposit rate of banks, showing good investment value. If the share price of listed banks falls, its dividend yield will be higher and the investment value of bank shares will be further enhanced. "Especially for several powerful state-owned banks, not only the net profit of 202 1 exceeded 1000 billion yuan, but also the growth rate was above 10%, and their long-term investment value will be more prominent."
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