RecentlyRouletterealmoneyThe 2023 dividend plan of listed banks, which has attracted the attention of investors, has been released one after another.

Overall, the total amount of dividends to be paid out by the six major state-owned banks and some joint-stock banks (CITIC Bank, Everbright Bank, China Merchants Bank, Minsheng Bank, Ping an Bank, Industrial Bank, Zhejiang Merchants Bank) in 2023 exceeded 540 billion yuan. Of this total, the six major state-owned banks totaled more than 413.3 billion yuan, and the Industrial and Commercial Bank of China and the Construction Bank all exceeded 100 billion yuan.

In terms of joint-stock banks, seven banks totaled more than 126.9 billion yuan, with China Merchants Bank (600036) at the top of the list.RouletterealmoneyIn terms of growth rate, Everbright Bank (601818) and Industrial Bank (601166) both decreased by 8% compared with the same period last year.Rouletterealmoney.94% and 12.46%.

It is worth noting that based on today's closing price (April 12, 2024), Ping an Bank has a dividend yield of more than 7%, ranking first among the above banks, while Bank of China ranks last with 5.27%.

13 listed banks plan to pay a cumulative dividend of more than 540 billion

Both Everbright and Societe Generale are down more than 8% from the same period last year.

After sorting out, the above-mentioned 13 listed banks totaled more than 540 billion yuan in dividends last year, of which the six major state-owned banks totaled more than 413.3 billion yuan and the joint-stock banks totaled more than 126.9 billion yuan.

In terms of major state-owned banks, ICBC had the highest total cash dividend to common shares last year, at RMB 109.203 billion, ranking first among the 13 listed banks mentioned above. CCB followed closely. Last year, ICBC paid a cash dividend of RMB 100.004 billion to all ordinary shareholders (those listed on the register after the market closed on July 11, 2024), exceeding 100 billion yuan. Agricultural Bank of China ranks third, with a total cash dividend of 80.811 billion yuan (including tax); Bank of China's total common stock dividend last year was 69.593 billion yuan (before tax); Bank of Communications distributed a total cash dividend of 27.849 billion yuan last year; Postal savings Bank last year was 25.881 billion yuan (including tax).

In terms of joint-stock banks, the total amount of dividends paid out by China Merchants Bank reached 49.734 billion yuan, ranking first among stock banks. In addition, those with a total dividend of more than 10 billion yuan include Industrial Bank, CITIC Bank (601998), Ping an Bank (000001) and Everbright Bank, which are 21.605 billion yuan, 17.432 billion yuan, 13.953 billion yuan and 10.222 billion yuan respectively. Minsheng Bank (600016) and Zhejiang Merchant Bank paid dividends of 9.457 billion yuan and 4.504 billion yuan respectively.

Of the seven joint-stock banks, the total amount of dividends paid out by five banks has increased compared with 2022. Among them, Ping an Bank rose sharply from 5.531 billion yuan in 2022 to 13.953 billion yuan in 2023.

It is worth noting that the total amount of dividends paid out by Everbright Bank and Industrial Bank last year decreased by 8.94% and 12.46% respectively compared with the previous year.

The dividend yields of 13 listed banks are all over 5%.

Zheshang Bank paid the least dividend per share last year.

From the perspective of the profit distribution plan in 2023, the proposed dividend data for every 10 shares of state-owned banks are mainly concentrated between 2.3 yuan and 4 yuan. Among them, CCB distributes cash dividend of RMB 4 yuan (including tax) for every 10 shares, ranking first among big banks; Bank of Communications, second only to CCB, distributes cash dividend of RMB 3.75 yuan (including tax) for every 10 shares; ICBC third, last year distributed RMB 3.064 yuan (including tax) for every 10 shares; Postal savings Bank, Bank of China, Agricultural Bank of China less than 3 yuan.

In terms of joint-stock banks, China Merchants Bank is far ahead of its proposed cash dividend of 19.72 yuan (including tax) for every 10 shares.RouletterealmoneyHe has 12 listed banks; Industrial Bank pays dividends of 10.4 yuan per 10 shares, more than 10 yuan; Ping an Bank pays dividends per 10 shares from 2.85 yuan to 7.19 yuan. Ji Guangheng, party committee secretary and president of Ping an Bank, said at the performance conference: "We have not done well enough in the past. We need to make up for the debts."

The dividend yield is one of the important yardsticks to measure whether an enterprise has investment value. Based on today's closing price, Ping an Bank ranks first among the above-mentioned banks with a dividend yield of more than 7%. Industrial Bank and China Merchants Bank are more than 6%. Bank of China (601988) ranked last with 5.27%.

If the dividend yield is compared with the income of financial products of commercial banks in the same period, which index is better?

Recently, the Banking Financial Management Registration and Trusteeship Center released the Annual report on China's Banking Financial Management Market (2023), which shows that by the end of 2023, the existing scale of the bank financial management market has reached 26.8 trillion yuan, and a total of 31100 new wealth management products have been issued throughout the year. 57.08 trillion yuan has been raised, and the number of investors in wealth management products has increased to 114 million, creating a profit of 698.1 billion yuan for investors.

Of this total, banking institutions generated a cumulative income of 173.9 billion yuan for investors, while wealth management companies generated a cumulative income of 524.2 billion yuan for investors, an increase of 0.85% over the same period last year. Every month in 2023, the average rate of return of wealth management products is 2.94%. The overall income of financial management products is sound, up sharply from 2.09% in 2022.

With regard to the investment opportunities in the banking sector, Liang Fengjie, an analyst at Zheshang Securities, pointed out in the research report that in the short term, the bank's capital level is sufficient to support credit, and the dividend ratio is expected to remain stable. In the medium to long term, the decline in bank profitability is limited, and the scale, profitability and capital are expected to return to balance.

The proportion of dividends in large state-owned banks is more than 30%.

Everbright Citic Societe Generale less than 30%

Bank stocks, which are major dividend payers in the A-share market, what was the cash dividend ratio last year?

Judging from the dividend rate last year, the dividend ratio of large state-owned banks remained at or above 30%, of which Bank of Communications was the highest, at 32.67%. Liu, president of the bank