Multiple A-share companies are planning their mid-2026 interim dividends.

Securities Daily Reporter Gui Xiaosun

On the evening of March 15, Shantui Construction Machinery Co., Ltd. announced that it has submitted a proposal to the shareholders’ meeting to authorize the board of directors to formulate a mid-2026 dividend plan.

According to the company’s recent announcements, several listed companies have also announced that they are seeking shareholder approval to authorize the board to develop a mid-2026 dividend plan. Most of these announcements mention that planning the 2026 mid-term dividend is to reward investors.

Bao Jingang, fund manager and senior researcher at Shenzhen Rongzhi Private Securities Investment Fund Management Co., Ltd., told Securities Daily that in recent years, listed companies have shown positive changes by returning profits to investors through dividends. As both scale and quality improve, the structure continues to optimize. Moreover, cash returns are increasingly becoming a consensus, and their positive impact on the A-share market ecosystem is becoming more evident.

“Focusing on dividend returns to investors helps attract long-term funds, reduces market speculation, and emphasizing investor returns can also push listed companies to improve operational quality, creating a virtuous cycle of development,” said Yuan Huaming, general manager of Guangdong Huahui Chuangfu Investment Management Co., Ltd., in an interview with Securities Daily.

From a corporate governance perspective, increasing dividend frequency and proportion to convey confidence in performance and shorten the return cycle has become a consensus among high-performing, stable companies.

Additionally, many companies incorporate dividends into their annual planning, forming institutional arrangements. Yuan Huaming explained that, based on observed situations, listed companies’ dividend policies could also focus on improving transparency, allowing small and medium investors to have stable expectations of returns.

“To better leverage cash dividends to reward investors, several details can be improved. First, establish sound systems and information disclosure, refine dividend policy disclosure requirements, and require fully explaining non-dividend-paying companies to foster stable and transparent dividend expectations; second, optimize market evaluation systems by increasing the weight of dividends in various evaluation guidelines, deducting points for companies that do not pay dividends long-term, guiding normalized returns; third, coordinate dividends with share repurchases, standardize the use and disclosure of repurchase purposes, so that capital return actions truly benefit shareholders and enhance company value,” Bao Jingang said.