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

Staff 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 recent announcements from listed companies, several firms have indicated that they are seeking shareholder approval for the board to develop a mid-2026 dividend plan. Most of these announcements mention that planning for the 2026 mid-year dividends is aimed at rewarding investors.

Bao Jingang, fund manager and senior researcher at Rongzhi Private Securities Investment Fund Management Co., Ltd. in Shenzhen, told Securities Daily that in recent years, listed companies have shown positive changes by returning profits to investors through dividends. Both the scale and quality of dividends are improving, and the structure is continuously optimized. Moreover, cash returns are increasingly recognized, 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 the frequency and proportion of dividends to demonstrate performance confidence and shorten the return cycle has become a consensus among high-performing, stable-listed companies.

Additionally, many companies incorporate dividends into their annual planning, establishing institutionalized 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 for investor returns, several details can be improved. First, establish sound systems and information disclosure, refine dividend policy disclosure requirements, and require sufficient explanations for non-dividend-paying companies to promote stable and transparent dividend expectations. Second, optimize the market evaluation system by increasing the weight of dividends in various evaluation guidelines, deducting points for companies that do not pay dividends long-term, and guiding normalized returns. Third, coordinate dividends with share repurchases, regulate the use and disclosure of repurchase activities, ensuring that capital return actions genuinely benefit shareholders and enhance company value,” Bao Jingang said.