China News Service, Shanghai, March 27 (Gao Zhimiao) The reporter learned from the Shanghai Stock Exchange on the 27th that in order to further improve the continuity and stability of dividends and increase the investment capacity of the index, the Shanghai Stock Exchange has recently revised the SSE dividend index compilation plan.

After the revision of the compilation plan, the SSE Dividend Index will better help investors invest in the securities of high-dividend listed companies while meeting the requirements of diversification, stability and tradability, becoming an important measure to meet market demand and serve investors.

  Dividends are an important source of investment returns for listed companies, and long-term stable cash dividends are an important indicator to measure the investment value of listed companies.

The Shanghai Stock Exchange Dividend Index was released in 2005. 50 securities listed on the Shanghai Stock Exchange with high cash dividend yield, relatively stable dividend distribution, certain scale and liquidity are selected as index samples to reflect the overall performance of the high dividend securities in the Shanghai Stock Exchange.

  According to the Shanghai Stock Exchange, the average historical dividend yield of the SSE Dividend Index is about 4%, which is higher than the traditional broad-based index.

From the perspective of long-term performance, the annualized return of the Shanghai Stock Exchange Dividend Index since the base date is higher than that of the Shanghai Stock Exchange Index.

  In recent years, the Shanghai Stock Exchange has continuously issued relevant guidelines to encourage and guide listed companies to distribute dividends.

Shanghai-listed companies have not only continued to increase the number and total amount of cash dividends, but have gradually formed a number of traditional and model companies that have long-term stable cash dividends.

  The Shanghai Stock Exchange said that at present, the total annual cash dividend of the Shanghai stock market is about one trillion yuan, and the dividend rate has reached 2.22%, which is roughly comparable to the S&P 500 index and the Dow Jones Industrial Average.

From overseas experience, as the market matures, listed companies with sound fundamentals, continuous improvement in future cash flow and in line with the transformation and development of the economic structure are the best targets for investors to make long-term value investments.

  At present, there are nearly 20 dividend index products on the market, with a total scale of more than 30 billion yuan (RMB, the same below). Among them, the largest product scale is the Shanghai Stock Exchange Dividend Index. The total scale of the tracked index products exceeds 18 billion yuan, accounting for the entire market dividend category. The proportion of index products is about 60%, and the scale continues to increase.

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