July 11 is the equity registration date for Industrial and Commercial Bank of China, Bank of Communications, Postal Savings Bank and Bank of Ningbo, and dividends will be paid on July 12.
This week entered the sprint stage of dividend distribution for listed banks. State-owned banks, as the "main force" of listed banks' dividend distribution, will complete equity registration and dividend distribution this week.
The reporter sorted out and found that 9 listed banks will distribute dividends this week, including 5 state-owned banks, with a total dividend amount of 341.4 billion yuan (tax included, the same below).Industrial and Commercial Bank of China is still a big dividend payer, and will send out a "red envelope" gift of 104.534 billion yuan.
Several Banks Implemented Dividends This Week
On July 11, Industrial and Commercial Bank of China, Bank of Communications, Postal Savings Bank, and Bank of Ningbo carried out equity registration and paid dividends on July 12. The four banks' dividends per share were 0.2933 yuan, 0.355 yuan, 0.2474 yuan and 0.5 yuan. .
On July 13, Hangzhou Bank will also pay a dividend of 0.35 yuan per share.In addition, the four listed banks of Agricultural Bank, Bank of China, China Merchants Bank and Bank of Beijing will register their shares on the 14th and pay dividends on the 15th.Overall, 341.4 billion yuan of "real money" will be distributed this week.
Up to now, among all 40 A-share listed banks that have announced profit distribution plans, 25 banks have successively completed dividend distributions, distributing a total of 170.631 billion yuan in cash dividends to investors.With the completion of the profit distribution of the previous year by nine banks this week, the amount of dividends distributed by listed banks will increase to 512.031 billion yuan.
ICBC's 2021 dividend implementation announcement shows that this profit distribution will distribute a cash dividend of 0.2933 yuan per share, totaling 104.534 billion yuan. This is the only listed bank with a dividend of over 100 billion yuan in 2021.Among them, the A-share cash dividends distributed this time totaled about 79.077 billion yuan.
In 2021, due to the gratifying performance of the banking industry, 40 of the 42 listed banks have launched dividend plans, all of which will be rewarded to investors in the form of cash dividends.Statistics show that the total dividends of 40 listed banks amounted to about 550 billion yuan, an increase of nearly 12% year-on-year.
Large state-owned banks are the main force of dividends
The six major state-owned banks are the "main force" of dividend distribution of listed banks.According to statistics, in 2021, the net profit of the six major state-owned banks will total 1,288.89 billion yuan, and the total dividend will be as high as 382.193 billion yuan, accounting for more than 70% of the dividends of the 40 A-share listed banks.
China Construction Bank took the lead in launching the dividend distribution of state-owned banks last week, and the remaining five state-owned banks will also implement dividends this week.ICBC's 100 billion "red envelopes" come out on top. The cash dividends of China Construction Bank, Agricultural Bank and Bank of China are also as high as 91.004 billion yuan, 72.376 billion yuan, and 65.060 billion yuan respectively. The cash dividends of Bank of Communications and Postal Savings Bank are also 20 billion yuan. yuan or more.
"From the perspective of Bank of China and several large banks, the major shareholder has determined a 30% dividend ratio, which has not changed for many years. There are no special circumstances, and we will not change it. Everyone should have full confidence." Bank of China President Liu Jin said at the previous earnings release.
ICBC Board Secretary Guan Xueqing also said that a moderate cash dividend ratio and a moderate capital adequacy ratio can not only meet the current cash dividend needs, but also help the long-term value growth of listed companies.
Outstanding dividend yield
According to the calculation of the closing prices of listed banks on July 11, 19 banks have a dividend rate of more than 5%, 14 banks have a dividend rate of 3%-5%, and the average dividend rate of listed banks is 4.77%.Among them, Shanghai Rural Commercial Bank has a dividend yield of 8.9%, ranking first; Bank of Communications has a dividend yield of over 7%, ranking first among the six major state-owned banks; Chongqing Rural Commercial Bank, Agricultural Bank, and China Everbright Bank follow closely with dividend yields of 6.91 %, 6.83% and 6.79%.
Overall, compared with the yields of bank wealth management products in 2021, the dividend yields of listed banks are more eye-catching.According to the statistics of Guohai Securities Research Report, in 2021, the trend of the weighted yield of wealth management products will fluctuate at 3%-4% as a whole, and the fluctuation of yield is relatively stable; but in the long run, the yield of wealth management products will continue to decline in 2021, and the weighted average annual The converted yield was 3.55%, a decrease of 34BP compared to the previous year.
In addition, the average dividend rate of listed banks is higher than the three-year certificate of deposit rate of most banks.Since last year, the interest rate of large-denomination certificates of deposit of various banks has been gradually lowered. Since the second quarter of this year, the interest rate of three-year large-denomination certificates of deposit of some state-owned banks has been reduced to about 3.25%, and the quota is relatively tight.
However, it is worth noting that most people in the industry believe that buying bank wealth management products and investing in bank stocks represent different ways of investing in financial products. Although some bank stocks have higher dividend yields, investing in bank stocks depends not only on the dividend rate, but also on the dividend rate. Depending on bank fundamentals, profitability, asset quality, etc., investors need to allocate assets according to their own risk appetite. Therefore, they still need to invest cautiously in bank stocks.
