Before the Dragon Boat Festival, the A-share market as a whole showed an adjustment trend, and individual stocks generally fell. However, in this market environment, dividend assets perform outstandingly, and dividend assets such as bank stocks and highway stocks frequently appear on the list of individual stocks with record high stock prices in the whole market. For example, the stock prices of bank stocks such as Bank of Communications and CITIC Bank, as well as expressway stocks such as Ning-Shanghai Expressway and Shandong Expressway, as well as BYD, Sailis, Xinnowei, Xinlitai and other industries all reached a record high this week.
At the same time, the performance of the dividend theme fund is also very bright. Recently, the net value of many ETFs linked to the Shanghai Stock Exchange’s state-owned enterprise dividend, the value of the China Stock Exchange’s dividend, and the low wave of the China Stock Exchange’s dividend have frequently reached new highs. Data shows that listed companies that have maintained high dividends and high returns for a long time have received continuous attention from mainstream capital in the market. In the A-share market, a total of 235 companies have a dividend rate of more than 30% for 10 consecutive years. Among them, Xu Jiahui, Jinying Co., Ltd. and other companies’ dividend rate exceeded 100% in 2024. Judging from the market performance, in the 10 years from 2015 to the end of 2024, the average stock prices of these consecutive high-dividend companies rose by nearly 120%, and the stock prices of 85 companies doubled, accounting for more than 36%. Among them, Tianfu Communication and Tonghuashun rose more than 13 times, Guizhou Maotai and other 10 companies increased by more than 5 times.
In addition, the performance of long-term high-dividend companies is better and more stable. According to the stock price at the end of each year and the current year’s cash per share, 42 companies in the A-share market have a dividend rate of more than 2% for 10 consecutive years. Judging from the dividend yield at the end of last year, the dividend yield of Jichuan Pharmaceutical, Yutong Bus and other companies exceeded 5%. In the past 10 years, the average increase of these 42 companies has exceeded 129%, and the stock prices of 21 companies have doubled, accounting for 50%. The stock prices of Weixing Co., Ltd. and other companies have more than tripled, and only the stock prices of Minsheng Bank, Lintu Co., Ltd. and Chongqing Waterworks have fallen.
Looking forward to the future market, industry insiders Desert Eagle believes that dividend assets are assets with great allocation value in the A-share market in the next few years. This is mainly due to the long-term profitability of the A-share market itself, the gradual formation of the current low interest rate environment, and the continuous promotion of capital market reform and other factors. When choosing an investment object, investors can focus on screening dividend assets with stable operations and a dividend yield of higher than 4%, such as related companies in telecommunications, energy, banking and other industries.
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