The attention of the market to the high dividend sector has increased greatly.CrashgamepcThe list of "A-share High return 50" was released.

Since the beginning of this year, the market's attention to the high dividend sector has increased significantly, and all kinds of funds have embraced the high dividend sector. In this context, the high dividend sector substantially outperformed the market, with the CSI 300 value index and Guoxin value index achieving 12% respectively.Crashgamepc.39%, 12.76% increase.

From a sub-industry point of view, the Shenwan industry index with the highest growth this year includes five major industries: household appliances, banking, petroleum and petrochemical, coal, and non-ferrous metals, all of which are high dividend industries, and the industry index rose more than 10% during the year.

In April this year, the new "National Nine articles" was issued, once again strengthening the supervision of cash dividends of listed companies. The new "National Nine articles" proposes to increase incentives for high-quality dividend companies, take more measures to increase the dividend yield, enhance the stability, sustainability and predictability of dividends, and promote multiple dividends in a year, pre-dividends, and dividends before the Spring Festival.

The stock price of the company with high long-term return performs well.

According to the statistics of the Securities Times data Bao, excluding the newly listed stocks in 2024, 2360 stocks have maintained a continuous dividend every year since 2023, with an average share price increase of 117.46%. Excluding stocks that have been listed for less than three years, 1344 stocks have maintained annual dividend since listing, with an average increase of 221.08 per cent since listing.

More specifically, companies that have paid out cash for more than 15 years before 2023 have risen by an average of 1579.01% since listing; stocks that have paid out cash for 11 to 15 years have risen or declined by an average of 479.11% since listing; by contrast, the 772 stocks that have not maintained a continuous dividend in 2023 have only risen or fallen by 57.98% since listing.

From this point of view, long-term continuous dividend, on the one hand, can show that the company has stable profitability; on the other hand, the investment certainty brought by high returns can attract the attention of long-term investors and provide long-term strong support for the rise of company valuation.

Continuous dividends of 80 shares for not less than 20 years

At present, among the A shares, 80 shares have been paid continuously and for not less than 20 years since they were listed. The dividend yield for the current year is calculated on the basis of the cash payout per share and the closing price at the end of the year. Of these 80 shares, 18 shares have an average dividend yield of more than 3%, with an average cumulative increase of 693.05% since listing.

Men's wear leader Youngor (600177) tops the list with an average dividend yield of 4.52%, and its share price has risen 1310.92% since its listing. Since its listing in November 1998, the company has paid dividends for 26 years in a row, with a total cash dividend of 27.103 billion yuan. The dividend yield of the company has been maintained above 7% for three consecutive years in 2021, 2022 and 2023. According to the company's 2023 dividend plan, the company plans to distribute a cash dividend of 0.5 yuan per share (including tax), with a total cash dividend of 2.312 billion yuan (including tax), accounting for 67.32% of the net profit returned to the mother in 2023.

The average dividend yields since the listing of Nanjing-Shanghai Expressway, Sinopec, Weixing (002003) and Baosteel (600019) have all exceeded 4 per cent.

From the perspective of the number of years of continuous dividend, among the 80 stocks that have continued to pay dividends for more than 20 years, Foshan Lighting (000541), Shenneng shares (600642), China Merchants Port (001872) and Shenzhen Science and Technology (000021) have continued to pay dividends for more than 30 years. The average dividend yields are 3.33%, 3.03%, 2.76% and 1.29%, respectively.

"A-share High return 50" released

According to the statistics that have been listed for more than five years and maintained continuous dividends in the past five years, a total of 1720 A-shares have been shortlisted. Databao selected the top 50 stocks from high to low average dividend yield, and launched the list of "A-share high return 50".

Judging from the above 50 stocks, the average annual dividend yield is more than 5%, of which 17 shares have an average dividend yield of more than 7%.

Jizhong Energy has the highest average dividend yield of 10.92% in the past five years, and the dividend yield of the company in 2022 and 2021 is as high as 15.72% and 18.15% respectively. Due to the fluctuation of coal prices in 2023, the company's revenue decreased compared with the same period last year, and the dividend yield decreased somewhat, but it still had 8.4%. The dividend payout rate reached 42.88%, and the dividend payout level exceeded that of most A-share stocks.

Yanzhou Mining Energy in the past five years, followed by the average dividend yield of 10.74%. The company's dividend yields in 2022 and 2019 are as high as 12.81% and 14.96%. In 2023, also affected by price fluctuations in the coal industry, Yanzhou Mining's dividend yield fell to 7.52%.

On the whole, coal concept stocks account for a large proportion of the stocks with the highest average dividend yield in the past five years. In terms of the total amount of cash dividends in the past five years, China Shenhua and Sinopec can be called "cash dividend kings", totaling 207.057 billion yuan and 202.651 billion yuan respectively, far exceeding the amount of dividends paid by other stocks.

From the perspective of market performance, the dividend yield, which has maintained a high level in the past five years, has also brought a large increase in the share prices of listed companies. Yanzhou Mining Energy, Mountain Coal International (600546), Pingquan Coal (601666), Shaanxi Coal Industry (601225), Lu'an Huaneng (601699), Ordos (600295) have all risen by more than 300% since 2019.