Two men view a stock market monitor in Nanjing, East China’s Jiangsu Province on October 8, 2024. Photo: VCG
China’s public companies listed at its A-share market have significantly increased their dividend payouts in 2024, with 481 companies listed at the Shanghai bourse pledging to pay their share-holders the mid-year dividends to date, which marks a sharp rise of 354 percent from last year, the Shanghai Stock Exchange said on Thursday.
The total dividend payouts are calculated at 574.9 billion yuan ($78.78 billion), increasing 184 percent year-on-year.
Some listed companies have paid out dividends twice or even three times this year. For instance, Kweichow Moutai Co, China National Nuclear Power Co, and Will Semiconductor Co have dispensed dividends twice this year, according to a report by China Media Group (CMG).
According to data provided by financial service Wind.com, more than 200 Shenzhen-listed companies have…
