20 September 2019

Big four banks pay 7% dividends, paper says

Nearly eight in 10 of the 1,277 listed companies in Shanghai and Shenzhen that have announced their annual results are paying dividends, Shanghai Securities News reported Tuesday. Sixty have declared annual dividends higher than the 3.5 percent return from one-year fixed bank deposits and 28 have proposed dividends of 5 percent or more. Nine of these high-payout companies are banks, with the four major state-owned lenders paying dividends of at least 7 percent, the report said.

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