Listed companies that pay dividends every year are companies with moat performance, mostly state-owned enterprises with abundant cash and high dividend rate.
1, Kweichow Moutai (6005 19):2020 10 to send 192.93 yuan, equivalent to an annual dividend yield of 0.89%, and has paid dividends every year since its listing.
3. China Construction Bank (601939): In 2020, it paid a dividend of 3.26 yuan, equivalent to an annual dividend yield of 4.55%, and has paid dividends every year since its listing.
4. Ping 'an, China (60 13 18):2020 14.00 yuan will be distributed to 10, and the semi-annual report of 2020 10 yuan will be distributed to 8 yuan, which is equivalent to the annual dividend yield of 2.79%. Since listing, dividends have been paid every year.
5. China Merchants Bank (600036): Dividend in 2020 10/2.53 yuan, equivalent to an annual dividend yield of 2.46%, and dividend has been paid every year since listing.
6. Agricultural Bank of China (60 1288):2020 10 to send 1.85 1 yuan, with an annual dividend yield of 5.53%. Since its listing, it has paid dividends every year.
7. Changjiang Electric Power (600900): In 2020, the dividend was 6.80 yuan 10, equivalent to an annual dividend yield of 3.22%, and it has been distributed every year since its listing.
8. China Shenhua (60 1088):2020 18. 1 yuan 10, with an annual dividend yield of 9. 15%. Since its listing, it has paid dividends every year.
There are different examples because of the limited space.
Dividends of listed companies are concrete measures to repay large and small shareholders.
Shareholders buy shares of listed companies through the securities market. First, they can earn income through the difference between stock buying and selling. In addition, they can also enjoy the dividends distributed by listed companies during the shareholding period.
Over the years, the CSRC has always expressed its encouragement to listed companies to distribute cash dividends to shareholders according to actual operating conditions, and not to be an "iron rooster". Dividends for many years are also beneficial for listed companies to issue more shares in the capital market.
Two standards of "almost annual dividend"
The annual dividend rate is low, or the dividend rate was high last year. Compared with last year, this year's operating performance has not changed, but listed companies choose not to pay dividends. Neither of these situations meets the requirement of "paying dividends almost every year".
After careful consideration, we can select qualified listed companies from more than 3600 stocks in the A-share market from two angles.
0 1 cumulative dividend yield
Dividends are paid every year, but the amount of dividends per share is too small relative to the net profit per share or the market value of the stock. Such a listed company does not meet the requirements.
According to the disclosed financial data of listed companies, we choose the dividend rate of listed companies since the end of 20 18 as the judgment standard. This standard applies to more than 50% of storage options.
02 dividend normalization
Only the dividend distribution of listed companies in the past three years is statistically analyzed, and it will not be traced back. The longer the time, the different dividend distribution policies of listed companies may be. The basic requirement is to pay dividends every year for the past three years, and there is no deviation of 10% between the three amounts.
Dividends of two listed companies
According to the above criteria, 28 stocks in the A-share market were screened out, and the Shanghai and Shenzhen stock markets were equally divided, each with 14 stocks. Among them, 19 listed companies belong to manufacturing industry.
0 1 has the highest dividend rate.
By the end of 20 18, Jiu Wang Mu was the listed company with the highest cumulative dividend yield since its listing, and its main business was the garment sub-industry under manufacturing. At the same time, the cumulative dividend rate is high, and the dividend per share remains at a high level, reaching 1 yuan/share.
The dividend per share is the highest and most stable.
The listed company with the highest cash dividend per share is Buchang Pharmaceutical, reaching 1.6 1 yuan/share, which has not changed in the past three years.
There is little tendency for dividend per share to decrease.
Among the 28 stocks, only the dividend per share ratio of Changjiang Power 20 18 and 20 17 decreased by 6.2%; The dividend per share of Chongqing Water in 20 18 decreased by 6.7% compared with 20 17.
Among the other 26 stocks, 2 1 stock's earnings per share remained unchanged for nearly three years; In addition, the dividend per share of Nanjing-Shanghai Expressway has maintained a 4.5% growth in the past three years.
Dividends of listed companies are returns to shareholders, and continuous dividends are continuous returns. Of course, some companies that don't pay dividends are not necessarily bad. For example, American technology companies rarely pay dividends in the early period of rapid growth. Listed companies need to formulate appropriate dividend plans in light of their own development cycles.
On the whole, high-growth companies and early-stage companies have relatively low dividends, and even some companies do not pay dividends, so they need to reinvest their funds, which can create higher value for shareholders. For highly mature companies, companies that have been operating for many years tend to have higher dividends, because the company's market share is already high and its performance base is large, so it is more difficult to continue to grow at a high speed. If the profits are distributed to shareholders, shareholders can use the profits to find better asset investment.
Then let me count it. There are 4 1 companies that have paid dividends every year in the last 20 years. These companies have paid dividends every year since 1999, and belong to "conscience" companies. There are thousands of A-share stocks, and only 4 1 can pay dividends for 20 years. It can be seen that there are not many companies that can adhere to their initial intentions.
However, some companies listed late, and this data fails to count the companies listed late, which is not sufficient. If we only look at the companies that paid dividends every year in recent 10 years, the number of targets will rise to 434, which is limited to a very large number. Let's take a look at 20 of them:
Finally, which companies have the highest dividend yield? At present, the bank's one-year time deposit interest rate is around 2%. I take 2.5% dividend as the standard. In the last five years, there are 25 companies with annual dividend yield exceeding 2%. It can also be seen from these companies that they are all in the financial industry, public utilities, transportation and other industries, and most of them have valuation levels.