147 A-share listed companies distributed dividends totaling 34.8 billion yuan before the National Day holiday, with bank stocks being the main contributors.
Ahead of the National Day holiday, 147 A-share listed companies will implement cash dividends, totaling approximately 34.8 billion yuan. Financial institutions such as Ping An Bank, Bank of Hangzhou, and Shanghai Rural Commercial Bank are key contributors to this round of dividends, with the three banks collectively distributing over 10.5 billion yuan. So far this year, more than 20 listed banks have announced interim dividend plans, expected to distribute over 250 billion yuan. Ping An Bank will distribute 4.832 billion yuan, Bank of Hangzhou 3.335 billion yuan, and Shanghai Rural Commercial Bank 2.410 billion yuan. Analysts believe that the stable dividends from banks reflect an improvement in their operational fundamentals. For example, Ping An Bank's net profit increased by 3.3% in the first half of the year, with both revenue and net profit returning to positive growth.
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