On May 8th, the 2024 annual report season has ended, and the dividend matters of listed securities firms have been put on the agenda. After experiencing record breaking mid-term dividends and special dividends in the third quarter, listed securities firms plan to “splurge” over 38 billion yuan for year-end dividends in 2024. Among the 42 listed securities firms, only Tianfeng Securities and Pacific Securities do not distribute dividends due to negative distributable profits. If we look at the overall situation in 2024, there are already 17 securities firms with cash dividend ratios exceeding 40%, which is higher than in 2023. Expanding the observation dimension to the past three reporting periods, it is evident that listed securities firms are establishing a sustained and stable shareholder return mechanism, with 70% of securities firms maintaining an annual cash dividend ratio of 30% or higher. (Securities Times)
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